{"id":899,"date":"2024-05-08T20:17:00","date_gmt":"2024-05-09T00:17:00","guid":{"rendered":"https:\/\/qa.yourwebsitebuild.com\/nia\/?post_type=report&#038;p=899"},"modified":"2025-11-20T14:15:05","modified_gmt":"2025-11-20T19:15:05","slug":"step-1-reintroducing-the-retirement-income-system-a-new-framework-tailored-to-the-retirees-perspective","status":"publish","type":"report","link":"https:\/\/qa.yourwebsitebuild.com\/nia\/reports\/step-1-reintroducing-the-retirement-income-system-a-new-framework-tailored-to-the-retirees-perspective\/","title":{"rendered":"Step #1: (Re)Introducing the Retirement Income System: A New Framework Tailored to the Retiree\u2019s Perspective"},"content":{"rendered":"\n<p>In Step 1 of this eight-part paper series, Dr. Bonnie-Jeanne MacDonald, Director of Financial Security Research for the NIA, and co-authors Doug Chandler and Alyssa Hodder, Associate Fellows for the NIA, explain why Canada needs to fundamentally rethink how the retirement income system is communicated to the public.<\/p>\n\n\n\n<p>MacDonald argues that the conventional \u201cthree pillar\u201d visualization \u2014 consisting of government-sponsored programs such as Old Age Security (OAS), the Guaranteed Income Supplement (GIS) and the Canada Pension Plan\/Quebec Pension Plan (CPP\/QPP), along with workplace pension plans and personal savings \u2014 is a missed opportunity to help workers transition into a retirement mindset and make financial choices that will serve the next phase of their lives.<\/p>\n\n\n\n<p>The NIA proposes that the retirement income industry and policymakers make a dramatic shift to a new framework \u2014 the <strong>NIA Retirement Income Framework<\/strong> \u2014 which puts retirees at the centre and reframes the retirement income system from the perspective of their financial needs. &nbsp;<\/p>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"http:\/\/qa.yourwebsitebuild.com\/nia\/wp-content\/uploads\/2025\/10\/May-8-2024_Step-1_Report.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Download Report<\/a><\/div>\n<\/div>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In Step 1 of this eight-part paper series, Dr. Bonnie-Jeanne MacDonald, Director of Financial Security Research for the NIA, and co-authors Doug Chandler and Alyssa Hodder, Associate Fellows for the NIA, explain why Canada needs to fundamentally rethink how the retirement income system is communicated to the public. MacDonald argues that the conventional \u201cthree pillar\u201d [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1421,"parent":0,"menu_order":0,"template":"","meta":{"image":"<img width=\"750\" height=\"1066\" src=\"https:\/\/qa.yourwebsitebuild.com\/nia\/wp-content\/uploads\/2025\/10\/Step-1_Report_Cover-750x1066.png\" class=\"attachment-card-image size-card-image wp-post-image\" alt=\"Step #1 report cover\" decoding=\"async\" loading=\"lazy\" srcset=\"https:\/\/qa.yourwebsitebuild.com\/nia\/wp-content\/uploads\/2025\/10\/Step-1_Report_Cover-750x1066.png 750w, https:\/\/qa.yourwebsitebuild.com\/nia\/wp-content\/uploads\/2025\/10\/Step-1_Report_Cover-211x300.png 211w, https:\/\/qa.yourwebsitebuild.com\/nia\/wp-content\/uploads\/2025\/10\/Step-1_Report_Cover-720x1024.png 720w, https:\/\/qa.yourwebsitebuild.com\/nia\/wp-content\/uploads\/2025\/10\/Step-1_Report_Cover-768x1092.png 768w, https:\/\/qa.yourwebsitebuild.com\/nia\/wp-content\/uploads\/2025\/10\/Step-1_Report_Cover-1081x1536.png 1081w, https:\/\/qa.yourwebsitebuild.com\/nia\/wp-content\/uploads\/2025\/10\/Step-1_Report_Cover-1441x2048.png 1441w, https:\/\/qa.yourwebsitebuild.com\/nia\/wp-content\/uploads\/2025\/10\/Step-1_Report_Cover-1350x1919.png 1350w, https:\/\/qa.yourwebsitebuild.com\/nia\/wp-content\/uploads\/2025\/10\/Step-1_Report_Cover.png 1654w\" sizes=\"auto, (max-width: 750px) 100vw, 750px\" \/>","link":"https:\/\/qa.yourwebsitebuild.com\/nia\/reports\/step-1-reintroducing-the-retirement-income-system-a-new-framework-tailored-to-the-retirees-perspective\/","target":"","category":"<div class=\"category\">Income Adequacy<\/div>","date_formatted":"May 8, 2024"},"category":[5,6],"stake-holder":[16,14,15],"class_list":["post-899","report","type-report","status-publish","has-post-thumbnail","hentry","category-income-adequacy","category-pensions","stake-holder-older-adult","stake-holder-policy-makers","stake-holder-sector-organizations"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Step #1: (Re)Introducing the Retirement Income System: A New Framework Tailored to the Retiree\u2019s Perspective - NIA<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Step #1: (Re)Introducing the Retirement Income System: A New Framework Tailored to the Retiree\u2019s Perspective - NIA\" \/>\n<meta property=\"og:description\" content=\"In Step 1 of this eight-part paper series, Dr. Bonnie-Jeanne MacDonald, Director of Financial Security Research for the NIA, and co-authors Doug Chandler and Alyssa Hodder, Associate Fellows for the NIA, explain why Canada needs to fundamentally rethink how the retirement income system is communicated to the public. 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