Canada is an example of a country which has encouraged employees to wait longer to retire or follow a partial retirement plan due to the lack of funds available in their social insurance program.

Question

Quizplus · Accepted Answer

Canada has implemented policies to encourage employees to work longer and consider partial retirement due to concerns about the sustainability of the country's social insurance programs, such as the Canada Pension Plan (CPP) and Old Age Security (OAS). This has included increasing the age of eligibility for CPP and OAS benefits and offering more flexibility in forms of retirement, such as phased retirement or reduced work hours.

Canada Is an Example of a Country Which Has Encouraged