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,thus putting the fund at risk of depletion.
D)Younger generations are demanding reduced pensions for those leaving the workforce.

Question

Quizplus · Accepted Answer

With the aging of baby boomers in Canada, there are fewer contributions being made to the pension fund by younger generations, while more withdrawals are being made to fund pensions for baby boomers. This puts the pension fund at risk of depletion, which is a key issue from a pension perspective. As a result, pension plans must find ways to manage this demographic shift and ensure the sustainability of the fund for future generations.

From a Pension Perspective,what Is a Key Issue Concerning the Aging