The Evolution of the Canadian Pension Model : Practical Lessons for Building World-Class Pension Organizations

Canada is home to some of the world's most admired and successful public pension organizations. This was not always the case. As recently as the mid-1980s, many Canadian public pensions were invested largely or entirely in domestic government bonds, were funded primarily on a pay-as-you go basi...

Full description

Bibliographic Details
Main Author:	World Bank Group
Format:	Report
Published:	World Bank, Washington, DC 2017
Subjects:	PENSION SYSTEM PUBLIC PENSION PENSION REFORM GOVERNANCE ACCOUNTABILITY TRANSPARENCY REGULATION
Online Access:	http://hdl.handle.net/10986/28828

id	okr-10986-28828
recordtype	oai_dc
spelling	okr-10986-288282021-05-25T09:07:24Z The Evolution of the Canadian Pension Model : Practical Lessons for Building World-Class Pension Organizations World Bank Group PENSION SYSTEM PUBLIC PENSION PENSION REFORM GOVERNANCE ACCOUNTABILITY TRANSPARENCY REGULATION Canada is home to some of the world's most admired and successful public pension organizations. This was not always the case. As recently as the mid-1980s, many Canadian public pensions were invested largely or entirely in domestic government bonds, were funded primarily on a pay-as-you go basis, lacked independent governance, and were administered in an outdated and error-prone fashion. Over the past three decades, a Canadian model of public pension has emerged that combines independent governance, professional in-house investment management, scale, and extensive geographic and asset-class diversification. This report aims to document the emergence and evolution of this Canadian model, distilling practical lessons for stakeholders in emerging economies working to improve their pension arrangements and retirement systems. Although a growing body of literature exists on the Canadian model of pension organization, this report is unique in two respects: its emphasis on the evolutionary journey of Canadian pension organizations (as opposed to their current state) and its in-depth focus on Canadian pension funds that have received less attention than some of their peers. 2017-11-14T15:27:56Z 2017-11-14T15:27:56Z 2017-11-22 Report http://hdl.handle.net/10986/28828 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work :: Other Social Protection Study Economic & Sector Work North America Canada
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
topic	PENSION SYSTEM PUBLIC PENSION PENSION REFORM GOVERNANCE ACCOUNTABILITY TRANSPARENCY REGULATION
spellingShingle	PENSION SYSTEM PUBLIC PENSION PENSION REFORM GOVERNANCE ACCOUNTABILITY TRANSPARENCY REGULATION World Bank Group The Evolution of the Canadian Pension Model : Practical Lessons for Building World-Class Pension Organizations
geographic_facet	North America Canada
description	Canada is home to some of the world's most admired and successful public pension organizations. This was not always the case. As recently as the mid-1980s, many Canadian public pensions were invested largely or entirely in domestic government bonds, were funded primarily on a pay-as-you go basis, lacked independent governance, and were administered in an outdated and error-prone fashion. Over the past three decades, a Canadian model of public pension has emerged that combines independent governance, professional in-house investment management, scale, and extensive geographic and asset-class diversification. This report aims to document the emergence and evolution of this Canadian model, distilling practical lessons for stakeholders in emerging economies working to improve their pension arrangements and retirement systems. Although a growing body of literature exists on the Canadian model of pension organization, this report is unique in two respects: its emphasis on the evolutionary journey of Canadian pension organizations (as opposed to their current state) and its in-depth focus on Canadian pension funds that have received less attention than some of their peers.
format	Report
author	World Bank Group
author_facet	World Bank Group
author_sort	World Bank Group
title	The Evolution of the Canadian Pension Model : Practical Lessons for Building World-Class Pension Organizations
title_short	The Evolution of the Canadian Pension Model : Practical Lessons for Building World-Class Pension Organizations
title_full	The Evolution of the Canadian Pension Model : Practical Lessons for Building World-Class Pension Organizations
title_fullStr	The Evolution of the Canadian Pension Model : Practical Lessons for Building World-Class Pension Organizations
title_full_unstemmed	The Evolution of the Canadian Pension Model : Practical Lessons for Building World-Class Pension Organizations
title_sort	evolution of the canadian pension model : practical lessons for building world-class pension organizations
publisher	World Bank, Washington, DC
publishDate	2017
url	http://hdl.handle.net/10986/28828
_version_	1764467864300945408

The Evolution of the Canadian Pension Model : Practical Lessons for Building World-Class Pension Organizations

Similar Items