{"id":351724,"date":"2026-02-23T07:44:35","date_gmt":"2026-02-23T07:44:35","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/351724\/"},"modified":"2026-02-23T07:44:35","modified_gmt":"2026-02-23T07:44:35","slug":"pension-awareness-day-2026-fsra-highlighting-plan-member-education-retirement-readiness","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/351724\/","title":{"rendered":"Pension Awareness Day 2026: FSRA highlighting plan member education, retirement readiness"},"content":{"rendered":"

\u201cWe\u2019re encouraging people to learn more about their pensions and focusing on the value of workplace pension plans, how they work and how they fit into employees\u2019 overall retirement savings goals,\u201d says David Bartucci, head of pension plan operations and regulatory effectiveness at the FSRA.\n<\/p>\n

Read:<\/strong> FSRA\u2019s third annual Pension Awareness Day promoting importance of retirement planning<\/a><\/strong>\n<\/p>\n

\u201cFor employees that don\u2019t have a workplace pension plan, we\u2019re encouraging those people to talk to their employer and ask them about [establishing] a plan.\u201d\n<\/p>\n

He notes the FSRA is also focusing on encouraging younger employees to start thinking about retirement and taking the necessary steps early in their careers.\n<\/p>\n

\u201cWhat we\u2019ve seen is that people tend to find financial decisions to be complex and be a little bit intimidated, since retirement might seem really far away. Many people also have a conception of a pension plan as something that only really helps you if you\u2019re going to work at the same company for your whole career, so we try and work through the dozens of organizations that are participating in Pension Awareness Day to try and encourage them to talk to their employees.\u201d\n<\/p>\n

According to data from the FSRA, workplace pension plan membership among Ontario-based workers grew by nearly 200,000 plan members in 2025, including more than 175,000 employees who joined a defined benefit plan (up six per cent from 2024) and more than 58,000 who joined a defined contribution plan (up nine per cent from the previous year).\n<\/p>\n

Read: FSRA\u2019s Pension Awareness Day helping engage, educate employees on benefits of workplace pension plans<\/a><\/strong><\/p>\n

However, a December 2024 survey by the regulator found widespread gaps in retirement readiness among Ontarians. Notably, eight in 10\u00a0employees said they haven\u2019t fully developed a retirement plan, while 66 per cent said they haven\u2019t calculated how much money they\u2019ll need in retirement. Half (50 per cent) said they can\u2019t recall the last time they spoke to someone about saving for retirement and the same percentage said they don\u2019t read their annual pension statement.\n<\/p>\n

With many employees not understanding the difference between DB and DC plans and, in some cases, how workplace plans differ from the Canada Pension Plan, Bartucci says the FSRA remains dedicated to supporting member education on Pension Awareness Day and throughout the year.\n<\/p>\n

\u201cThere\u2019s a blending together of these different plans in some people\u2019s minds and that\u2019s really why our focus is on encouraging people to spend that time learning about their pension plan.\u201d\n<\/p>\n

Read: FSRA promoting retirement planning with Pension Awareness Day<\/a><\/strong>\n\t\t\t\t\t\t\t\t\t<\/p>\n","protected":false},"excerpt":{"rendered":"\u201cWe\u2019re encouraging people to learn more about their pensions and focusing on the value of workplace pension plans,…\n","protected":false},"author":2,"featured_media":351725,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[177],"tags":[79,165128,52254,165127,165129,18,165130,165125,19,17,4324,165126,165131,234,235,165132,3887,2895,90502,4036],"class_list":["post-351724","post","type-post","status-publish","format-standard","has-post-thumbnail","category-personal-finance","tag-business","tag-capital-accumulation-plans","tag-cpp","tag-defined-benefit-pension-plans","tag-defined-contribution-pension-plans","tag-eire","tag-employer-sponsored-pension-plans","tag-fsra","tag-ie","tag-ireland","tag-ontario","tag-pension-awareness-day","tag-pension-communications","tag-personal-finance","tag-personalfinance","tag-plan-member-education","tag-retirement","tag-retirement-planning","tag-retirement-readiness","tag-retirement-savings"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ie\/116118831932808850","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/351724","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=351724"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/351724\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/351725"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=351724"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=351724"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=351724"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}