Number of people in pension plans rose slightly in 2010: StatsCan
Posted May 25, 2012 08:54:54 AM.
This article is more than 5 years old.
OTTAWA – Statistics Canada says the number of people enrolled in registered pension plans rose 0.7 per cent in 2010 to 6,065,750, or less than 40 per cent of all employees.
The agency says membership in public sector pension plans rose 1.8 per cent to 3,140,970, while the number of members in private sector plans declined 0.5 per cent to 2,924,790.
The public sector accounted for 52 per cent of total membership in registered pensions, up from 46 per cent a decade earlier.
Overall in 2010, 38.8 per cent of all employees were enrolled in registered pensions, down from 39.2 per cent in 2009.
In the private sector, the proportion of employees covered by a plan slipped to 24.4 per cent in 2010 from 24.8 per cent the previous year.
In 2010, 74 per cent of employees in a registered pension were in a defined benefit plan, with 16 per cent covered by defined contribution plans and about 10 per cent in hybrid plans.
