Looking to provide employees with secure and valuable DB pension benefits, Torstar, SHARE and the United Way of Greater Toronto decided to try out a new type of plan
Research shows that Canadians want and are willing to contribute to achieve secure, predictable, lifetime retirement income. Likewise, employees, unions and employers are increasingly looking for better and more secure pension options that have the best features of large defined benefit (DB) pensions without the costs and risks of traditional single employer plans. Valuable and secure DB plans have been shown to have a significant and positive impact on employee attraction, retention and engagement.
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