More Canadians joining pension plans
The Canadian Press
Posted: May 29, 2012 9:42 AM ET
Last Updated: May 29, 2012 1:24 PM ET
Overall in 2010, 38.8 per cent of all employees were enrolled in registered pensions, down from 39.2 per cent in 2009. (iStock)
Related
Related Stories
Statistics Canada says the number of people enrolled in registered pension plans rose 0.7 per cent in 2010 to 6,065,750, or less than 40 per cent of all employees.
The agency says membership in public sector pension plans rose 1.8 per cent to 3,140,970, while the number of members in private sector plans declined 0.5 per cent to 2,924,790.
The public sector accounted for 52 per cent of total membership in registered pensions, up from 46 per cent a decade earlier.
Overall in 2010, 38.8 per cent of all employees were enrolled in registered pensions, down from 39.2 per cent in 2009.
In the private sector, the proportion of employees covered by a plan slipped to 24.4 per cent in 2010 from 24.8 per cent the previous year.
In 2010, 74 per cent of employees in a registered pension were in a defined benefit plan, with 16 per cent covered by defined contribution plans and about 10 per cent in hybrid plans.
Share Tools
Top News Headlines
- Top court to reveal if it will hear Rob Ford conflict appeal
- The Supreme Court of Canada will reveal today if it will hear an appeal in a conflict of interest challenge that previously threatened to oust Toronto Mayor Rob Ford from office. more »
- Secret tax-haven files lift veil on $32M Ontario fraud
- Bulletproof cars, Caribbean intrigue, financial finagling — the tale of swindler Peter Sabourin has it all. And finally, the full story can be told, thanks to the recent massive leak of offshore records. more »
- A Pope with a plan? Francis's first 100 days
- In his first 100 days in office, Pope Francis has largely kept his powder dry and focused on being more of a pastoral pontiff, David Perlich writes. But some recent casual comments make it clear he's holding a fuse for Vatican reform. more »
- Brian Stewart: Forget the cynics, why the Taliban might just want peace
- One big reason, Brian Stewart writes, is the growing strength of the Afghan army. Without the U.S. and its media around to report on the fighting, the next phase in this conflict could get a whole lot bloodier. more »
Must Watch
Latest Business Headlines
- Secret tax-haven files lift veil on $32M Ontario fraud
- Bulletproof cars, Caribbean intrigue, financial finagling — the tale of swindler Peter Sabourin has it all. And finally, the full story can be told, thanks to the recent massive leak of offshore records. more »
- Orascom withdraws bid for control of Wind Mobile
- Orascom Telecom Holding has announced it is pulling back its bid to buy out Wind Mobile Canada founder and CEO Anthony Lacavera and acquire full control of the company, in which it already holds a 65 per cent interest. more »
- Poloz urges 'stability and patience' in 1st public speech
- In his first public remarks since being named governor of the Bank of Canada, Stephen Poloz said the central bank will keep its focus trained squarely on keeping inflation in check. more »
- World's wealthy richer than ever
- The investable wealth of the world's richest people reached a record high of $46.2 trillion US in 2012, a report by RBC Wealth Management and the consulting firm Capgemini has found. more »
Lang & O'Leary Exchange
Markets
| Index | Last Trade | Change |
|---|---|---|
| TSX COMPOSITE | 12268.29 | -99.17 |
| DOW | 15112.19 | -206.04 |
| NASDAQ | 3443.20 | -38.98 |
| SP 500 | 1628.93 | -22.88 |
| TSX-VENTURE | 924.25 | -5.74 |
The data on this site is informational only and may be delayed; it is not intended as trading or investment advice and you should not rely on it as such.
- Sopranos star James Gandolfini dies in Italy
- Wearing a mask at a riot is now a crime
- Dozens of children seized from Manitoba Mennonite community
- B.C. teacher duct-taped students' mouths
- B.C. First Nation sets fires to save bison
- Richmond widow racks up $1,800 hospital parking bill
- Obesity now recognized as a disease
- Bob Rae quits as MP in 'very emotional' decision
- Hail, flash floods hit southeast Alberta

