Retiree spending of public and private sector pension benefits generated US$1.3 trillion in total economic output in the U.S. in 2020, supporting nearly 6.8 million jobs during the onset of the coronavirus pandemic, according to a new report by the National Institute on Retirement Security. It also found $612.6 billion in pension benefits were paid […]
Pension spending alone supported more than 41,000 jobs across Alberta and contributed more than $4.4 billion to the province’s gross domestic product in 2021, according to a new report by the Canadian Centre for Economic Analysis. This is equivalent to $14.40 of GDP for every $10 of retirement benefit payments received in 2021. The report […]
More than half (53 per cent) of Canadian job seekers are looking for better pay and benefits, according to a new survey by data intelligence company Morning Consult. While 35 per cent of respondents said they’re switching roles because of the coronavirus pandemic, 87 per cent said they’re either somewhat concerned, concerned or very concerned […]
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