CANADA - The cost of public pension plans in Canada is expected to rise from the current 5% of GDP to 7% by 2030, Jean-Claude Ménard, chief actuary at the Office of the Superintendent of Financial Institutions (OSFI) has warned.
Speaking at the 'Building the Foundation for New Retirement Systems Symposium', Ménard added the country was expected to see "a significant increase of 150%" in the size of the Canadian population ...
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