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Companies use pension funds as plums: Study

Competitive labour markets have kept many Canadian employers in the troubled pension-plan game, says a new study for the federal government.

Competitive labour markets have kept many Canadian employers in the troubled pension-plan game, says a new study for the federal government.

“The main factor that prompted organizations to consider implementing a retirement plan was to remain competitive in the labour market, with a view to attracting and retaining employees,” says the analysis for Human Resources and Skills Development Canada.

“For some organizations, plans were viewed as an industry standard that was required to remain competitive, while for others it was a means of being a market leader and differentiating their organization.”

The Canadian Press obtained a copy of the $44,500 study through the Access to Information Act.

Statistics Canada figures indicate only about one-quarter of private-sector employees in Canada have workplace pension plans.

 
 
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