From a pension perspective, what is a key issue concerning the aging of baby boomers in Canada?
A) There are more demands for dental benefits.
B) Baby boomers are leaving management, thus there is a loss to the HR managers who oversee this benefit.
C) There are fewer contributions to the pension fund by younger generations and more withdrawals for funding pensions for baby boomers.
D) Younger generations are demanding reduced pensions for those leaving the workforce.

Question

Quizplus · Accepted Answer

The aging of baby boomers in Canada presents a key issue for pensions because as this large demographic retires, there are fewer younger workers contributing to pension funds, while there is an increase in withdrawals by the retiring baby boomers to fund their pensions. This imbalance can strain pension systems.

From a Pension Perspective, What Is a Key Issue Concerning