[ECO339H1] - Final Exam Guide - Ultimate 83 pages long Study Guide!
Document Summary
This study examines the characteristics of canadian workers aged 25 to 54 who are covered by defined benefit registered pension plans (rpps) as well as those covered by defined contribution rpps or hybrid plans. Rpps are a key component of workers" compensation packages and one of the pillars that. Regular employer contributions finance retirement benefits, and, in many cases, so do employee contributions and investment income resulting from these contributions. The extent to which canadians held jobs providing rpp coverage changed substantially. Among employed workers at least 15 years of age, the percentage of men with rpp coverage in their job fell from 52% in 1977 to 37% in 2011. Women"s rpp coverage rose from 36% in 1977 to roughly 40% in the mid-1990s, and remained at this level for the rest of the period. Defined benefit (db) plans predetermine the benefits workers will receive based on a formula stipulated in their plan.
