Tag Archives: pension plans

Target Benefit Penion Plans

target benefit pension plan
Target Pension Plan: Take Your Best Shot

A few days ago, I posted about the increasing income inequality in North America. That instantly became my most read post ever. (Thanks again for the link love at Boomer and Echo and Roadmap2Retire!)

Almost as though to prove my point about the fact that individuals need to stop counting on others, whether the government or their employer, to ensure their financial future, and to take charge themselves, the federal government announced that same day that they were introducing a new variation on the two standard pension options available, and introduced the Target Benefit pension plan. It is worth noting that this new type of pension plan will only be available for, “crown corporations and federally-regulated industries, such as transportation, banking and telecommunication”. For now. (Author’s snide comment.)

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