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Table 5
Job characteristics related to retirement plans of near-retirees

  Certainty about planned age of retirement Age of retirement Retirement income
Don't know or not at all certain Somewhat or very certain Plan to retire before 60 years1 Plan to retire 65 years or older1 Expect income to be adequate1
percentage
Class of worker
Self-employed
33.0*
44.8*
20.0*
47.2*
69.9
Paid employee†
26.7
65.7
30.6
35.6
68.4
Unionization
Unionized employees
22.1*
73.1*
40.4*
25.1*
71.5*
Non-unionized employees†
30.2
60.3
23.5
43.1
65.7
Job tenure
Less than 10 years†
33.7
53.5
18.7
50.5
60.9
10 to 19 years
27.1*
62.8*
25.1*
35.8*
68.7*
20 or more years
20.1*
72.9*
45.9*
21.5*
77.9*
Pension Plan coverage2
Yes
20.5*
74.7*
38.5*
26*
74.1*
No†
35.8
47.6
17.0
51.9
60.4
Industry
Consumer services3
33.9*
52.8*
20.5
49.2*
59.3*
Utilities & Manufacturing†
23.8
68.1
26.7
37.1
66.5
Public Administration
19.5
76.9*
47.3*
18.4*
79.6*
† Reference group.
* Statistically significant difference from reference group at p < 0.05.
1. Percentages are based on respondents who stated a planned age of retirement. Respondents who said they do not intend to retire or don't know when they plan to retire are excluded.
2. About 10% of respondents provided inconsistent answers to the two questions about pension coverage and are excluded.
3. Include retail trade, food and accomodation, recreation and other services.
Source: Statistics Canada, General Social Survey, 2007.
Date Modified: 2008-11-21

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