Explore the function, rules, and specific usage of the Locked-in Retirement Account (LIRA) in Canada, designed for managing retirement funds derived from employer-sponsored pension plans.
Explore what pension plans are, including defined-benefit and defined-contributions plans, and how they affect your retirement. Learn the difference and decide which is best for you.
Explore what it means when a pension plan is underfunded, the risks involved, and the impact on future commitments. Learn how it affects companies and employees alike.