Scroll to Content

Common Wealth generates more retirement bang for the buck

Simple Calculator Layout

Calculate Savings

Contribution Method:
Flat $
% of Pay

Frequency:
Annual
Monthly
Bi-Monthly
Weekly
Bi-Weekly

Flat $ Employer Contribution:


Employee Contribution %:


Employer Contribution %:


By age 65, you could save $0 with a Common Wealth retirement plan*

See How

//commonwealth.beta-site.ca/wp-content/uploads/2017/04/my65-logo-1-1.png

Case study

Learn about my65+, the first retirement plan for modest earners in Canada, which Common Wealth designed in partnership with SEIU Healthcare

Mainstream RRSPs just don’t pass the logic test for people earning less than $50 thousand per year. They need a savings plan that won’t end up costing them money in their most vulnerable time of life. SEIU’s plan allows them to hold on to all the retirement income they’re entitled to, and that makes so much sense.

Gail Nyberg
Gail Nyberg Executive Director of Daily Bread Food Bank in Toronto (Canada’s largest food bank) Daily Bread Food Bank

SEIU's My65+ will provide an innovative, low-cost option for hard-working families to build private savings for retirement. It has the potential to serve as a much-needed model to expand coverage for low- and moderate-income workers across Canada, as well as in the U.S., where nearly one-half of private sector workers lack access to a retirement plan at work.

Jeremy Smith
Jeremy Smith Associate Director at the Aspen Institute Financial Security Program Aspen Institute

This plan is a concrete step forward that will help workers in precarious jobs save for their retirement. It has an innovative approach, using tax policy to benefit low-wage workers. It is tailored to increasing retirement security and incomes for low-wage workers who take care of vulnerable Ontarians.

Sheila Block
Sheila Block Senior Economist, Canadian Centre for Policy Alternatives Canadian Centre for Policy Alternatives

Our Thinking

Building retirement security together

We partner with unions and associations to create retirement plans for workers without access to a pension. We design and operate these plans based on the principles of the world’s best pension organizations and tailor them to the needs of modest-earning, precarious workers.