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Ontario Pension Plan to Double Retirement Income, Budget
Bloomberg
May 1, 2014
"Ontario will create a provincial pension plan designed to double retirement income as savings fail to keep up with the swelling ranks of seniors in Canada's largest province.... More than 35 percent of households won't have sufficient savings to maintain similar living standards in their retirement ... [S]eniors will account for 24 percent of the province's population by 2035, up from 15 percent now."
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