Transitioning Toward Retirement: Observations and Outlook Pierre-Carl Michaud Industrial Alliance Research Chair for the Economic Challenges of Changing Demographics Retirement and Savings Institute, HEC Montréal November 2018 with David Boisclair, François Laliberté-Auger, Maxime Juckenack-Mellinger and Jeiel-Onel Mezil
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Transitioning Toward Retirement: Observations and Outlook · 2019-12-18 · Transitioning Toward Retirement: Observations and Outlook Pierre-Carl Michaud Industrial Alliance Research
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Transitioning Toward Retirement:
Observations and Outlook
Pierre-Carl Michaud Industrial Alliance Research Chair for the Economic Challenges of
Changing Demographics Retirement and Savings Institute, HEC Montréal
November 2018 with David Boisclair, François Laliberté-Auger,
Maxime Juckenack-Mellinger and Jeiel-Onel Mezil
Agenda
The changing face of retirement in Quebec
Challenges to monitor: Is delayed retirement desirable? Health and the ability to work
What is the future for retirement?
The Changing Face of Retirement in Quebec
The Many Paths to Retirement
Key points entailing changes to employment status:
� Start of SPP benefits (often before age 60)
� Eligibility for a QPP retirement pension
� Old Age Security (and GIS)
� Disability and other conditions prior to age 65
Older Workers
Figure – Statistics Canada, Table 14-10-0018-01
Employment Rate Evolution in Quebec (Men and Women)
Years
Empl
oym
ent
Rat
e
Application for QPP
Pensionsente RRQ
Figure – Retraite Québec
Start of QPP Benefits (Men and Women)
Age
Tran
siti
on
Per
cen
tage
Evolution of the Starting Age of QPP Benefits (Men and Women)
Application for QPP
Pensionsente RRQ
Figure – Retraite Québec
Evolution of the Starting Age of QPP Benefits (Men and Women)
Tran
siti
on
Per
cen
tage
Age
Application for QPP
Pensionsente RRQ
Figure – Retraite Québec
Tran
siti
on
Per
cen
tage
Age
Evolution of the Starting Age of QPP Benefits (Men and Women)
Application for QPP
Pensionsente RRQ
Figure – Retraite Québec
Age
Tran
siti
on
Per
cen
tage
Evolution of the Starting Age of QPP Benefits (Men and Women)
Application for QPP
Pensionsente RRQ
Figure – Retraite Québec
Tran
siti
on
Per
cen
tage
Age
Evolution of the Starting Age of QPP Benefits (Men and Women)
Application for QPP
Pensionsente RRQ
Figure – Retraite Québec
Age
Tran
siti
on
Per
cen
tage
Evolution of the Starting Age of QPP Benefits (Men and Women)
Application for QPP
Pensionsente RRQ
Figure – Retraite Québec
Tran
siti
on
Per
cen
tage
Age
Evolution of the Starting Age of QPP Benefits (Men and Women)
Application for QPP
Pensionsente RRQ
Figure – Retraite Québec
Tran
siti
on
Per
cen
tage
Age
Evolution of the Starting Age of QPP Benefits (Men and Women)
Application for QPP
Pensionsente RRQ
Figure – Retraite Québec
Age
Tran
siti
on
Per
cen
tage
Evolution of the Starting Age of QPP Benefits (Men and Women)
Application for QPP
Pensionsente RRQ
Figure – Retraite Québec
Tran
siti
on
Per
cen
tage
Age
Evolution of the Starting Age of QPP Benefits (Men and Women)
Application for QPP
Pensionsente RRQ
Figure – Retraite Québec
Tran
siti
on
Per
cen
tage
Age
Evolution of the Starting Age of QPP Benefits (Men and Women)
Application for QPP
Pensionsente RRQ
Figure – Retraite Québec
Tran
siti
on
Per
cen
tage
Age
Evolution of the Starting Age of QPP Benefits (Men and Women)
Application for QPP
Pensionsente RRQ
Figure – Retraite Québec
Tran
siti
on
Per
cen
tage
Age
Evolution of the Starting Age of QPP Benefits (Men and Women)
Application for QPP
Pensionsente RRQ
Figure – Retraite Québec
Tran
siti
on
Per
cen
tage
Age
Evolution of the Starting Age of QPP Benefits (Men and Women)
Application for QPP
Pensionsente RRQ
Figure – Retraite Québec
Tran
siti
on
Per
cen
tage
Age
Evolution of the Starting Age of QPP Benefits (Men and Women)
Application for QPP
Pensionsente RRQ
Figure – Retraite Québec
Tran
siti
on
Per
cen
tage
Age
Evolution of the Starting Age of QPP Benefits (Men and Women)
Application for QPP
Pensionsente RRQ
Figure – Retraite Québec
Age
Evolution of the Starting Age of QPP Benefits (Men and Women)
Tran
siti
on
Per
cen
tage
Application for QPP
Pensionsente RRQ
Figure – Retraite Québec
Evolution of the Starting Age of QPP Benefits (Men and Women)