Pension outlook not as bleak as expected

Canada in top tier but no time for complacency: Mercer
By Danielle Harder
|Canadian HR Reporter|Last Updated: 02/03/2010

Canada’s retirement crisis is being overblown, according to one of the country’s leading actuaries.

“It’s a truth universally acknowledged that Canada has one of the best retirement systems in the world,” Malcolm Hamilton recently told an audience at a Mercer Fearless Forecast symposium in Toronto.

Canadians are in an enviable position compared to many countries, said Hamilton, a worldwide partner and consulting actuary in Mercer’s retirement, risk and finance business.