DB vs. DC vs. Target Benefits
Domenic Barbiero, FCIA, FSA, Eckler Ltd.
The Canadian registered pension plan landscape includes a number of different pension plan designs. The common goal of all these designs is to provide members with income after retirement, but how that goal is achieved can be very different amongst these plan designs. This session will look at three common plan designs: defined benefit, defined contribution and target benefit. Specifically, it will discuss how each design works, how they compare to each other, the advantages/disadvantages of each and current trends in coverage and legislation.