social security – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Fri, 22 Nov 2024 22:16:07 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 How Mexico’s reformed pension system is improving workers’ retirement security https://www.benefitscanada.com/archives_/benefits-canada-archive/how-mexicos-reformed-pension-system-is-improving-workers-retirement-security/ Fri, 15 Nov 2024 13:54:28 +0000 https://www.benefitscanada.com/?p=162686 Earlier this year, Mexico’s senate approved the creation of a new pension fund to help provide more retirement security for low-income citizens. The reform aims to ensure pensioners receive 100 per cent of their last monthly salary up to roughly 16,777 Mexican pesos (US$975), which is the average monthly wage for workers affiliated with the […]

The post How Mexico’s reformed pension system is improving workers’ retirement security appeared first on Benefits Canada.com.

]]> 2024 Risk Management Conference: U.S. facing funding questions from retiring population https://www.benefitscanada.com/canadian-investment-review/post-event-coverage/2024-risk-management-conference-u-s-facing-funding-questions-from-retiring-population/ Mon, 21 Oct 2024 11:59:47 +0000 https://www.benefitscanada.com/?p=160652 Anti-market sentiment in the U.S. is gaining momentum with both Democrats and Republicans, according to David Frum, a writer at The Atlantic, during the keynote session at the Canadian Investment Review’s 2024 Risk Management Conference. The latest election cycle is showing voters are interested in how an economic idea is presented and by the type […]

The post 2024 Risk Management Conference: U.S. facing funding questions from retiring population appeared first on Benefits Canada.com.

]]> 20% of U.S. workers aren’t currently saving for retirement: survey https://www.benefitscanada.com/news/bencan/20-of-u-s-workers-arent-currently-saving-for-retirement-survey/ Fri, 23 Aug 2024 13:00:12 +0000 https://www.benefitscanada.com/?p=159141 A fifth (20 per cent) of U.S. workers aren’t currently saving for retirement, according to a new survey by Flexjobs. The survey, which polled more than 2,000 U.S workers, found nearly two-thirds (61 per cent) of men said they’ve been saving for retirement for a while, compared to 52 per cent of women. Across generations, […]

The post 20% of U.S. workers aren’t currently saving for retirement: survey appeared first on Benefits Canada.com.

]]> 51% of U.S. women entering peak retirement years have less than $100k saved: survey https://www.benefitscanada.com/pensions/retirement/51-of-u-s-women-entering-peak-retirement-years-have-less-than-100k-saved-survey/ Thu, 25 Jul 2024 19:00:16 +0000 https://www.benefitscanada.com/?p=158361 Half (51 per cent) of women in the U.S. aged 65 who are entering their peak retirement years have less than $100,000 saved, with the percentage rising (67 per cent) among single women, according to a new survey by Artemis Strategy Group on behalf of non-profit the Alliance for Lifetime Income. The survey, which polled more than 2,500 consumers between […]

The post 51% of U.S. women entering peak retirement years have less than $100k saved: survey appeared first on Benefits Canada.com.

]]> Just 17% of workers aged 50+ confident they can maintain a comfortable lifestyle in retirement: survey https://www.benefitscanada.com/pensions/retirement/just-17-of-workers-aged-50-confident-they-can-maintain-a-comfortable-lifestyle-in-retirement-survey/ Tue, 03 Oct 2023 13:00:31 +0000 https://www.benefitscanada.com/?p=144406 Only 17 per cent of U.S. employees aged 50-plus and 23 per cent of retirees are very confident they’ll be able to maintain a comfortable lifestyle throughout retirement, according to a new survey by the Transamerica Center for Retirement Studies in collaboration with the Transamerica Institute. The survey, which polled more than 10,000 U.S. employees, […]

The post Just 17% of workers aged 50+ confident they can maintain a comfortable lifestyle in retirement: survey appeared first on Benefits Canada.com.

]]> 34% of U.S. women don’t have an employer-sponsored retirement plan: survey https://www.benefitscanada.com/pensions/retirement/34-of-u-s-women-dont-have-an-employer-sponsored-retirement-plan-survey/ Thu, 14 Sep 2023 13:00:07 +0000 https://www.benefitscanada.com/?p=143381 A third (34 per cent) of U.S. women say they don’t have access to an employer-sponsored retirement plan, while a fifth (22 per cent) say they’ve emptied their employer-sponsored retirement account to meet non-retirement expenses, according to a new survey by software company Iralogix Inc. The survey, which polled more than 200 women, found nearly […]

The post 34% of U.S. women don’t have an employer-sponsored retirement plan: survey appeared first on Benefits Canada.com.

]]> U.S. workers say they’ll need average of $4,940 a month income in retirement: survey https://www.benefitscanada.com/pensions/retirement/u-s-workers-say-theyll-need-average-of-4940-month-income-in-retirement-survey/ Mon, 14 Aug 2023 19:00:28 +0000 https://www.benefitscanada.com/?p=142155 U.S. workers forecast they’ll need an average $4,940 monthly income to enjoy a comfortable retirement, according to a new survey by Schroders. The survey, which polled roughly 2,000 employees, found a third (32 per cent) believe they’ll need to replace between 50 per cent and 74 per cent of their final paycheque with other sources […]

The post U.S. workers say they’ll need average of $4,940 a month income in retirement: survey appeared first on Benefits Canada.com.

]]> U.S. gen X workers falling short of retirement savings targets: report https://www.benefitscanada.com/pensions/retirement/u-s-gen-x-workers-falling-short-of-retirement-savings-targets-report/ Thu, 20 Jul 2023 13:00:27 +0000 https://www.benefitscanada.com/?p=141187 While more than half (55 per cent) of U.S. generation X employees participate in an employer-sponsored retirement savings plan, nearly two-thirds of men (62 per cent) and women (64 per cent) participating in these plans say they’ve saved less than 10 per cent of their retirement savings target, according to a new report by the […]

The post U.S. gen X workers falling short of retirement savings targets: report appeared first on Benefits Canada.com.

]]> 41% of U.S. workers believe future generations of retirees will be worse off: survey https://www.benefitscanada.com/pensions/retirement/41-of-u-s-workers-believe-future-generations-of-retirees-will-be-worse-off-survey/ Fri, 07 Jul 2023 13:00:11 +0000 https://www.benefitscanada.com/?p=140791 Two-fifths (41 per cent) of U.S. employees say future generations of retirees will be worse off than those currently in retirement, according to a new survey by the Harris Poll on behalf of the Transamerica Institute and the Transamerica Center for Retirement Studies. The survey, which polled more than 5,700 U.S. employees, found this sentiment […]

The post 41% of U.S. workers believe future generations of retirees will be worse off: survey appeared first on Benefits Canada.com.

]]> 58% of U.S. workers cite outliving assets as greatest retirement fear: survey https://www.benefitscanada.com/pensions/retirement/58-of-u-s-workers-cite-outliving-assets-as-greatest-retirement-fear-survey/ Fri, 09 Jun 2023 19:00:55 +0000 https://www.benefitscanada.com/?p=139550 More than half (58 per cent) of U.S. employees say outliving their assets is their greatest fear in retirement, according to a new survey by Cerulli Associates. While the percentage is even higher for near-retiree and retiree generations (generation X and baby boomers), longevity risk is the greatest concern across all generations. As a result, […]

The post 58% of U.S. workers cite outliving assets as greatest retirement fear: survey appeared first on Benefits Canada.com.

]]>