Pension Reform and Design at the Heart of INTEGRIS

by Cristina Warlop February 26, 2013
Recently, the CEO of the CIBC Mr. Gerry McCaughey, publicly announced that he felt Canadians should reform the Canada Pension Plan to allow for voluntary supplemental contributions so that members could enhance their pension benefits in retirement. This type of innovative thinking traces its origins to an article first published in October 2004 by the CEO of INTEGRIS, Mr. Jean-Pierre Laporte entitled “Reforming the Canada Pension Plan”. As mentioned in the article above, Canadian investors are facing many challenges when it comes to saving for their retirement.

“Our Canadian retirement system is based on the three-legged stool theory where Canadian retirees call upon three sources of income in order to meet their daily needs: public pensions (the CPP and Old Age Security), private pensions (RPPs provided by employers) and private savings (monies saved through registered retirement savings plans (RRSPs) stocks, bonds, guaranteed income certificates (GICs), etc.). Ostensibly, Canadians can rely on all three sources and should therefore be able to retire comfortably so long as they take responsibility for their private savings. The reality, however, is that most Canadians are only able to call upon the single leg of public pension plans1.”


It is more apparent than ever that Canadians must take an active role in the planning of their retirement. They must find the best options to maximize their capacity to save and protect their assets. The article by Mr. McCaughey mentions that Canadians are facing a pension crisis and must start looking at pension solutions that would permit the investor to increase their allowed contribution levels as to enhance their ability to save more.

“It would give Canadians the choice to put aside more – a little at a time – with the confidence of clearly knowing what benefits it will bring,”


INTEGRIS Pension Management is a Canadian based, privately owned firm that provides incorporated professionals, business owners and executives personal pension plans to safeguard and increase their net worth.

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