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How many Canadians are covered by a defined benefit pension plan?
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What is Canada Pension Plan (CPP)?
Jun 23, 2023 · Over 4.5 million Canadians were active members of a defined benefit (DB) pension plan in 2021, up 3.1% from 2020. Membership in DB plans accounted for 68.0% of the total membership in RPPs in 2021, up 0.9% from 2020. Female membership made up 56.0% of total DB membership.
Sep 13, 2023 · Who has a pension? Over 6.7 million Canadians were active members of a registered pension plan (RPP) in 2021, up 118,000 (+1.8%) from 2020. Both public and private sector plans reported growth.
Jul 18, 2022 · Over 4.4 million Canadians were covered by a defined benefit (DB) pension plan in 2020, up 1.7% from 2019. Membership in a DB plan accounted for two-thirds of the total membership in an RPP in 2020, unchanged from 2019. Female membership made up 55.8% of total DB membership, and the public sector dominated the DB membership at 72.5%.
Over 4.3 million Canadians were covered by a defined benefit (DB) pension plan in 2019, up 1.4% from 2018. DB plans accounted for two-thirds of members in an RPP in 2019, unchanged from 2018. The share of female membership in a DB plan was 72.6%, compared with 60.2% for male membership.
Statistical tables on Canada's Open Government portal: Updated monthly: Canada Pension Plan (CPP) - Number of Benefits, by Place of Residence and by Benefit Type; Canada Pension Plan (CPP) - Number of New Benefits, by Place of Residence and by Benefit Type; Old Age Security (OAS) - Number of New Benefits, by Province and by Benefit Type
Retirement planning. Types of retirement income, saving for retirement, how much money you will need and managing your finances. Public pensions. The Canada Pension Plan (CPP), Old Age Security (OAS) pension and other income allowances and benefits. Savings and pension plans.
The chart to the left provides more details on the evolution of RPP coverage by type of plans for private sector employees since 1989. Furthermore, the proportion of active RPP members participating in a contributory pension plan increased from 70% in 1999, to 83% in 2009, and 89% in 2019.
