It’s a worry for Zoomers focused on their retirement and pension plans after years of volatile stock markets and low interest rates.
A survey by consulting firm Towers Watson, found a third of Canadian workers would give up part of their current compensation in return for improved security in retirement.
Towers Watson also said one in four would forgo a bonus in exchange for additional retirement benefits.
The report suggests that 50 per cent of those surveyed with a defined benefit pension plan identified their retirement program as a key reason for joining their current employer.
That compared with 30 per cent of those with a defined contribution plan or group RRSP.
Companies have been switching away from defined benefit pension plans to defined contribution plans because of the risks inherent in promising to pay a regular monthly benefit years in the future.
