Fixing Flaws in Employer-Sponsored Pensions Not Enough, New Pension Models Needed: C.D. Howe Institute

    TORONTO, June 19 /CNW/ - Problems besetting defined-benefit pensions in
recent years are caused by defects in the model itself. What will help are tax
and regulatory changes and new pension models, according to a C.D. Howe
Institute Commentary released today. In Ill-Defined Benefits: The Uncertain
Present and Brighter Future of Employee Pensions in Canada, David Laidler and
William B. P. Robson argue that attempts at shoring up classic,
single-employer, defined-benefit pension plans are an inadequate response. The
authors say Canadians would do better to seek alternatives, and suggest, among
other options, creating low-cost vehicles for pooling individuals' investment

    The full Communique is available at:

    The study is available at

For further information:

For further information: David Laidler, Fellow-in-Residence, Or William
B.P. Robson, President and CEO, C.D. Howe Institute, (416) 865-1904, Email:

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