The Third Rail by Jim Leech

The Third Rail by Jim Leech

Essential reading for decision-makers. When Leech talks, politicians listen. When he writes a book, it's worth buying.--Toronto Star

Over the next 20 years more than 7 million Canadian workers will retire. Baby boomers, the 45- to 65-year-olds who account for 42% of the country's workforce, will join the largest job exodus in Canadian history, moving to the promised land of retirement. Unless our crumbling pension system is reformed, many of these retirees will find this dreamland a bewildering and disappointing mirage.
In the early 1980s, consumers were setting aside 20% of their disposable incomes to their retirement plans; today the savings rate is a threadbare 2.5%. Retirement savings plans meant to build Canadians' personal war chests for their final years have failed to live up to their cheery promises of early retirement freedom--market returns are low, and financial fees are climbing. Moreover, retirement plans are now being compromised by high pension obligations and a shrinking workforce.
Canada has the capacity to diffuse this ticking pension time bomb with some hard choices, posits Leech. It's time for businesses, governments, unions, and employees to face these options and fix--and ultimately save--our pensions system.

SKU	Unavailable
ISBN 13	9780771046636
ISBN 10	0771046634
Title	The Third Rail
Author	Jim Leech
Condition	Unavailable
Publisher	McClelland & Stewart Inc.
Year published	2013-10-29
Number of pages	186
Cover note	Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
Note	Unavailable