Ms. Kathleen Wrye at the Finance Committee

On October 17th, 2022. See this statement in context.

October 17th, 2022 / 5:05 p.m.

Director, Pensions Policy, Financial Sector Policy Branch, Department of Finance

Thank you, Mark.

According to the latest statistics that we have from OSFI on pension coverage in Canada, there are approximately 9,000 defined benefit pension plans. There are around 4.5 million active members as of 2021 in Canada.

The 400 plans that I mentioned were only within the federally regulated space, so they are the 7%. The other 93% of pension plans in Canada are provincially regulated.

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