Retirement outlook in Canada
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While Canadians are retiring with more confidence, challenges with managing expectations versus the reality of retiring persists. Employers play a vital role in bridging these gaps between the two.
Our Next Paper explores how employers can proactively support retirement readiness with actionable strategies to improve employee well-being and retirement outcomes, ultimately helping employers strengthen their workforce and attract top talent.
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What you'll find inside
We surveyed 1,550 Canadian retirees to uncover insights on retirement today and identify opportunities for employers to enhance their retirement offerings. Findings include:
Employer-sponsored plans drive better retirement outcomes
43% of retirees worry about outliving their savings
56% of retirees are carrying household debt into retirement
Key highlights for employers
Insights to support employees today and into retirement.
Employer-sponsored plans drive confidence: Employees in retirement plans report 20% more confidence in their financial futures. Strong retirement offerings lead to improved financial and overall well-being.
Retirees value their benefits: Retirees stress the importance of employer-sponsored plans and recommend employees fully utilize their benefits, including financial advice.
Phased retirement and wellness programs matter: Phased retirement options and a focus on physical, mental, and financial well-being improve employee engagement, retention, and productivity.
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