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In Canada, Gap Widens Between Public and Private Pensions (PDF)
Canadian Federation of Independent Business [CFIB] Sept. 12, 2013 "80% of Canadians are employed in the private sector -- two-thirds of them do not have an employer-sponsored registered pension plan. 20% work in the public sector and 87% of them have a workplace pension plan ... The average public sector employee retires at 61 years of age, while a private sector worker retires at 63 and a business owner at 66. To replace 70% of their working income in retirement, a federal government worker currently contributes about 7% of their salary, while a private sector worker would have to contribute up to 21% of their salary." |
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