From a pension perspective, which of the following 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

The aging of baby boomers in Canada is putting pressure on the pension fund as there are fewer contributions to the fund by younger generations and more withdrawals to fund pensions for baby boomers, which can result in the depletion of the fund. This is a key issue from a pension perspective, as it affects the sustainability of the pension system in the long run. A and B are not key issues related to the aging of baby boomers in Canada in the context of pensions. D is also not a key issue as younger generations demanding reduced pensions for those leaving the workforce would not address the issue of a potential depletion of the pension fund.

From a Pension Perspective, Which of the Following Is a Key