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Pension coverage declining in Canada

The percentage of paid workers covered by a registered pension plan (RPP) decreased from 41% to 39% from 1999 to 2009, according to the Office of the Chief Actuary .    The entire hit was taken by men, whose percentage declined from 42% to 38%.   In contrast, women have achieved a small increase, moving from 39% to 40% (Surpassing the rate achieved by men in 2004.)   The decline was sharpest in the private sector, with RPP coverage shrinking from 28% to a mere 25%.   But the public sector also saw some decline moving from 88% to 86%. The type of RPP has also changed.   The superior "defined benefit plans" (where workers are guaranteed a certain pension on retirement) declined from 85% to 75% of all RPPs .   (The other, main, sort of RPP, “defined contribution plans”,  are inferior as they are much more risky for the worker, with pensions depending on investment returns and the going interest rates when you happen to retire.)    The decline in defined benefit plans was ent