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RETIREMENT SECURITY IS IT ATTAINABLE?

HOOPP has launched a series of articles to deepen the conversation around retirement security and the benefits of defined benefit (DB) pension plans. The following articles discuss how an increasing number of Canadians are heading into retirement financially ill-equipped to adequately support themselves. Research shows that there are several blind spots in Canadians’ retirement planning and senior poverty is going to become a reality for many. These articles demonstrate the need for retirement security measures and how workplace pensions could be the solution.

SENIORS AND POVERTY: THE NEXT CRISIS?

Poverty among seniors is on the rise once again after nearly two decades of decline. This article provides highlights from a growing body of statistics and research on senior poverty in Canada, and explains why workplace savings plans must play a role in generating a healthy and stable income in retirement.
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WOMEN AT GREATEST RISK OF POVERTY IN SENIOR YEARS

Canadian women, particularly single women, will be disproportionately affected by poverty when they reach their senior years. Women are more likely to work part-time, they earn 70 cents to every dollar earned by men and they live longer than men. 
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MAXED OUT: ARE ONTARIANS READY FOR THE HIGH COST OF CAREGIVING?

Caught in the so-called “sandwich” generation, many Ontarians are looking after elderly and sick relatives, while raising their own children. This article discusses caregiving in Ontario – the financial and emotional cost it is having on individuals and their families.
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THE COST OF LONG-TERM CARE: CANADA'S RETIREMENT SAVINGS BLIND SPOT

Long-term care costs and other health-related expenses are a major blind spot for Canadians who are saving for retirement. Our research shows the costs of long-term care will be devastating for single Canadians, particularly women, who are more likely than men to require this type of care.  
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A SNAPSHOT OF OUR RESEARCH

ChangingLandscape2
Canada's retirement landscape is evolving. With the cost of living on the rise, and people living (and working) longer than ever before, is retirement security attainable for Canadians?

Our infographic highlights key facts from HOOPP's latest research, including the rise in senior poverty, increasing cost of healthcare and the growing need for financial support in retirement. The series emphasizes the importance of pension advocacy and stresses that policy changes are needed to ensure all Canadians are able to retire with dignity.

PDF LEARN THE FACTS IN OUR INFOGRAPHIC
This document provides a simplified overview of HOOPP's benefits based on the terms of the HOOPP Plan Text at the time of publication. From time to time, HOOPP may amend the HOOPP Plan Text. In cases where the information provided in this document differs from that contained in the HOOPP Plan Text, the HOOPP Plan Text will govern. More details, including the full HOOPP Plan Text and a complete description of the Plan and its benefits, can be found on hoopp.com.