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DB Plans: The Sky Is Not Falling
Benefits Canada Link to more items from this source
[Opinion]
June 10, 2013

"Capital accumulation plans (CAPs) are not always the answer. DB plans may look really ugly right now as reality sets in in terms of how much pensions actually cost. But at least the ugliness is being dealt with head on through negotiated benefit and/or contribution changes, which will result in a more secure pension promise to its members. Many surveys tell us that Canadians are willing to give up some current pay in exchange for greater retirement predictability and security. With CAPs, the ugliness is in the risk that at retirement there won't be an adequate income from the plan, forcing people to keep working as the only viable solution."

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