Searching for answers to address the public pension crisis, the Canadians are turning to the Dutch – and the Americans might have something to learn.

A two-tier, shared-risk system put in place by the Canadian province of New Brunswick and its unions offers base benefits to retirees. More benefits are granted, though only if the fund reaches certain financial benchmarks.

The plan is the first of its kind in North America and, so far, has received little attention in the U.S.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and events
  • Access to other award-winning ALM websites including and

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.