ARTICLE · 18 FEBRUARY 2020

New! Defined Benefit Pension Plan For Law Firms

Lawyers Financial

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As a not-for-profit organization, our focus is on satisfied clients, not dollars.

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The Canadian Bar Insurance Association's ("Lawyers Financial") mandate is to serve the financial needs of Canada's legal community by providing high-quality investment and insurance solutions at very competitive pricing.

As a not-for-profit organization, our focus is on satisfied clients, not dollars.

When it comes to pensions, Statistics Canada data from December 2018 shows the following:

Canada's total workforce with pension coverage: 47%
Private sector employees with a pension: 23%

Of the 23% in the private sector, the vast majority are union members who historically have negotiated defined benefit plans in their collective agreements. Many of the rest have defined contribution plans.

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