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May 14, 2020

Workplace Pensions in Flux, Rules Need Reform

  • As workplace pensions evolve, rules and regulatory law should adjust to reflect the realities of the 21st century pension landscape.
  • Bob Baldwin, a pension industry veteran, offers his personal reflections on the unhelpful hyperbole surrounding defined-benefit and defined-contribution plans and explores the way forward for workplace pension design.
  • Baldwin calls on plan governors to adopt measures to help reconcile the unpredictability of contributions and benefits and make defined-benefit plans more transparent. Regulatory and tax policy should also be adapted to facilitate more flexibility in plan designs and prevent current rules from becoming obsolete.
Bob Baldwin
Bob Baldwin

Bob Baldwin is an Ottawa based consultant who has worked on pension issues for more than 30 years. He worked for the Canadian Labour Congress for all but three years from 1976 to 2005 – the last 10 as the Director of Social and Economic Policy.