Posthaste: Here's how Canada's pension system ranks against the rest of the world's

Canada's Pension System: Global Ranking and Assessment

A recent global pension index improved Canada's pension score, but highlighted significant areas needing enhancement, particularly workplace pensions.

Canada’s Pension Score and Grade

Canada received a grade of B in the Mercer CFA Global Institute Pension Index 2025, the same as the previous year. However, its overall score increased from 68.4 to 70.4 out of 100.

Diversified Pension System

“One of the main strands of the Canadian pension system is that we have a diversified system with multiple sources of income into retirement.” – Hubert Tremblay, Partner and Senior Wealth Adviser, Mercer Canada

The assessment included the Canada Pension Plan, income supplement programs such as Old Age Security (OAS), the Guaranteed Income Supplement (GIS), as well as workplace private plans and voluntary retirement savings like registered retirement savings plans and tax-free savings accounts.

Areas for Improvement

Additional Information

Subscribers to Postmedia newsletters receive business news, insightful commentary, and market updates regularly via email. If you have trouble receiving these emails, check your junk folder or try signing up again.

Author's summary: Canada's pension system shows improvement and diversity but requires better workplace pension support to secure future retirements.

more

Financial Post Financial Post — 2025-10-31

More News