Retirement Lost: Pension bankruptcies and sour investments create a harsh
reality for Canadian retirees

    Globe and Mail series examines the impact of today's economy on
    retirement plans

TORONTO, Oct. 16 /CNW/ - Today's current economic conditions have created a harsh reality for many of today's retired Canadians and for the future retirement plans of others. This Saturday, The Globe and Mail launches "Retirement Lost", examining the implications the economic downturn has had on Canadian retirees, the fate and future of pension plans, and questioning a need for change.

One-quarter of Canadian workers have pension plans, and for Canadians relying on their pensions, low investment returns, or worse, pension bankruptcy means retirement may not happen as planned, or at all. As businesses face the nightmare of economic failure, The Globe and Mail provides insight into the many Canadians whose dreams of retirement are shattered, through a week-long multi-media series, Retirement Lost.

"The past year has been centred around the plight of today's economy and the direct impact on working Canadians. Retirement Lost will reveal the financial and emotional challenges retiring Canadians face as they suffer through failed investments, under funded pensions and corporate bankruptcies," said Elena Cherney, Editor, Report on Business. "The series sheds a light on this time of instability and uncertainty for retirees."

Led by reporters from the Report on Business, the special series will run daily from Saturday October 17 to October 24 in the Report on Business section of The Globe and Mail and online at, featuring personal stories and analysis, an in-depth timeline and breakdown of the pension crisis, expert commentary and a look at those most vulnerable.

    Also online and part of the series:
    -  Online discussion with retirement expert Malcolm Hamilton
    -  Planning and protecting your retirement
    -  Are you ready for retirement? Interactive investment calculator and
       online scenarios to evaluate your retirement plans
    -  Visit and share your retirement plans

The Globe and Mail, Canada's national newspaper, is a division of CTVglobemedia, a dynamic multimedia company, which also owns CTV Inc., Canada's number-one private broadcaster.

SOURCE Globe and Mail

For further information: For further information: or to arrange an interview with Jacquie McNish or Janet McFarland, please contact Jennifer Hills, (416) 999-7118,

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