Canada: A Second Chance for Defined Benefit Plans?
We live in a time where interest in retirement plans is in decline. We could even say that total rewards is becoming less “total,” focusing more on base salary and bonuses. Given the recent years of high inflation and the soaring cost of housing, it’s understandable that people would prioritize higher wages to cover living expenses and achieve homeownership rather than saving for retirement. Even though some young people receive help from their parents for…
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