A survey of 115 companies that sponsor plans by consulting firm Towers Watson says pension worries are rising among both defined benefit and defined contribution plan sponsors.
About 65% of those employers who offer defined benefit plans–which guarantee a minimum level of retirement income, partly from employers–say they believe Canada is experiencing a pension crisis.
That compares to 56% of those respondents in 2011.
About half of defined benefit plan respondents say they are planning to change their investment strategies to de-risk their portfolios from exposure to volatile markets.
Experts have predicted a tough time for defined pension plans in 2012 as a result of lower returns on investments and rock bottom interest rates, which increase liabilities for plans.