People need less money to live as they get older? If only.

People need less money to live as they get older?  If only.

Last week the C.D. Howe Institute released a short study just in time for the finance ministers’ meeting — rolling out the tired, old argument that as people age, they do not need as much money to live as when they were younger. If only retirement were so easy.

Government on right track with Target Benefit Pension Plans

Government on right track with Target Benefit Pension Plans

In a speech in Toronto last week, Kevin Sorensen, Minister of State for Finance, introduced details of a new “hybrid” pension plan proposed for all federal workers and other corporations under federal pension regulation. He referred to these proposed plans as Target Benefit Pension Plans.