Leaders of Canada’s nonprofit and charitable sector
launch initiative for a first-of-its-kind
national, portable retirement income plan

May 31, 2018 (Toronto, ON) – With a steady decline in pension plan coverage outside of the public sector, building a secure retirement is increasingly an issue for workers.  Canada’s nonprofit and charitable sector is taking a leadership role to address the retirement security challenge facing hundreds of thousands of its dedicated employees and freelancers – an effort it believes will strengthen the sector, combat economic inequality, and promote decent work.  Some of the country’s most prominent nonprofit leaders, philanthropic foundations, and retirement security specialists are spearheading a new effort to create a national, portable retirement income plan for the sector.  The Common Good Retirement Initiative is a first-of-its-kind opportunity to engage and consult the Canadian nonprofit sector about its collective needs, constraints, and attitudes on retirement saving.  The aim is to offer nonprofit workers a convenient, low-cost and effective way to save for their retirement, as well as provide nonprofit employers an easy way to help their employees build long-term financial security.


  • About 50% of the nonprofit sector (more than 850,000 people) does not have access to a workplace retirement plan, and many others are in low-quality, high-fee plans.
  • Approximately 47% of the sector is employed in part-time or contract arrangements, compared to 12-18% of the broader economy.  This growing population of nonprofit workers is often ineligible to join a workplace retirement plan.
  • Many nonprofit employers, particularly smaller and mid-sized organizations, face barriers in offering a formal retirement program: cost, complexity, high member fees, administrative burden, potential financial liability, and the lack of low-cost, good options that put their workers’ interests first.
  • Lower- and moderate-income workers in the sector face unique challenges in preparing for retirement, including potential clawbacks of their government benefits of 50% or more if they save using a traditional approach.


Tackling this retirement issue for a community as complex as the nonprofit sector requires a broad, collaborative effort that combines deep sector knowledge with retirement security expertise.  The Common Good Retirement Initiative is proud to have the support of these forward-thinking leaders:

Steering Committee

  • Alan Broadbent (Chair), CEO, Avana Capital, and Chairman and Founder, Maytree
  • Owen Charters, CEO, Boys & Girls Clubs of Canada
  • Rahima Mamdani, Vice President, Human Capital, United Way Greater Toronto
  • Elizabeth Mulholland, CEO, Prosper Canada

Champions Council

  • Colette Murphy (Chair), Executive Director, Atkinson Foundation
  • Alison Brewin, Executive Director, Vantage Point
  • Peter Chapman, Executive Director, SHARE
  • Adil Dhalla, Executive Director, Centre for Social Innovation
  • Meghan Moore, CEO, Loran Scholars Foundation
  • Lee Rose, Managing Director, Community Knowledge Exchange
  • Paulette Senior, President & CEO, Canadian Women’s Foundation
  • Richard Shillington, Social Policy Expert and Researcher
  • John Stapleton, Innovation Fellow, Metcalf Foundation, and Principal, Open Policy Ontario

Foundation Partners

  • Atkinson Foundation
  • Hamilton Community Foundation
  • Maytree
  • Metcalf Foundation

The design and operations of Common Good would be provided in partnership with Common Wealth, a mission-driven retirement security firm that created the first retirement plan in Canada for lower- and moderate-income workers in collaboration with SEIU Healthcare, and whose team has decades of experience serving some of the country’s top public pension plans.  The plan’s expert technical advisor is Keith Ambachtsheer, retirement security expert and Director Emeritus of the International Centre for Pension Management at the University of Toronto.


The website commongoodplan.org has been launched as part of the initiative to raise awareness and engage in a wide consultation process with the nonprofit sector.

To build the best possible retirement income plan, a national survey (available in French and English) has been developed with Pollara Strategic Insights – one of Canada’s leading polling firms – to better understand the nonprofit and charitable sector’s retirement needs and offerings.  Nonprofit employers, workers (including part-time employees and freelancers), board members, and other leaders are being asked to complete the 5-10 minute survey at commongoodplan.org/survey.

The sector engagement process will take place over the next six months with a decision to be made in Fall 2018 on whether to move forward with implementation.  If the initiative secures sufficient backing from employers and associations willing to offer the retirement plan, Common Good would be built and made available to the sector as early as 2019.



The Common Good Retirement Plan would combine the principles of the world’s best pension plans with a more flexible design to reflect the needs of today’s nonprofit sector workforce.  Governed by a board of directors with a fiduciary duty, the Plan would be based on the following principles:

  • Accessibility:  Available to freelance, part-time, and full-time nonprofit sector workers whose employers, associations, or unions sign up for the Plan
  • Portability:  Allows members to continue participating in the plan, even if they change jobs or employment status, relocate, or retire
  • Affordability:  Offers lower fees and professionally-curated investments structured to deliver the most retirement income for every dollar the member or employer contributes
  • Flexibility:  Employees’ contributions would be flexible, and employer contributions optional
  • Inclusion:  As a community-based plan, spouses and common-law partners would also be eligible to participate


Alison Brewin, Executive Director, Vantage Point
“Those who work for our sector commit to their communities, their art, their environment. While the organizations that employ them seek financial sustainability, the pressure to keep ‘administrative’ costs low is profound.  Often this effort means limiting benefits others take for granted; investment in retirement plans is one area employers in the sector struggle to realize for their teams.  The Common Good Retirement Initiative gives us an opportunity to offer sector employees yet another reason to stay in the sector, doing good work for good reasons. It is an important initiative that will benefit communities across the country.  It is a pleasure to support it in anyway I can.”

Alan Broadbent, Chairman and Founder, Maytree
“People working in the community sector will have access to an effective and affordable retirement savings plan with the Common Good Retirement Plan.  It is being designed by people with financial expertise who also understand the nonprofit and charitable sector, and the financial pressures its employees face.  Common Good will provide people in the sector with a sound and viable retirement savings option that will make a comfortable retirement possible for many for the very first time.”

Peter Chapman, Executive Director, SHARE 
“A simple, cost-effective and portable way to save for retirement is essential for the well-being of people serving in the non-profit sector and to the health of the sector as a whole.  As non-profits struggle continually to do more with less, the Common Good Retirement Initiative is a shining example of positive innovation to address the non-profit retirement savings gap.”

Adil Dhalla, Executive Director, Centre for Social Innovation
“The success of our non-profit and charitable sector rests on its ability to recruit and retain talented people, and one of the biggest missing pieces to achieving this has been the absence of an affordable retirement savings plan.  It’s a complex challenge but a worthwhile one, considering the collective impact of those who belong to this sector. We have a collective responsibility to care for those who take care of others, and I am excited to join the chorus for change.”

Rahima Mamdani, VP, Human Capital, United Way Greater Toronto
“Employees in the not-for-profit sector spend their careers working on behalf of others.  With the Common Good Retirement Initiative, we have an opportunity to support them by filling an important need for a high quality, portable retirement plan.  This innovative solution supports savings for sector employees at all income levels whether they currently have a retirement plan at work or not – and the plan has a legal duty to act in the best interests of its members.  I believe this is an excellent model with the potential to make a real difference in the financial security of so many dedicated workers.”

Meghan Moore, CEO, Loran Scholars Foundation
“As a nonprofit employer of a small team, it is important to me to provide the best possible working environment for my employees.  Motivating them to save for the future is a part of that.  The Common Good Retirement Initiative will enable my organization to instil and support the habit of long-term financial planning by providing a higher quality, flexible plan for our employees with lower fees and less administrative burden for our organization.”

Elizabeth Mulholland, CEO, Prosper Canada
“Retirement savings are a critical dimension of financial health, but very few workers in Canada’s nonprofit sector have access to high quality retirement savings plans.  That’s why I support the Common Good Retirement Initiative.  The people who care for our communities every day deserve our support in return and access to an affordable, accessible and portable retirement savings plan that works for them.”

Lee Rose, Managing Director, Community Knowledge Exchange
“Why isn’t this a thing already?  As someone who has worked in the social change sector for more than 10 years – I’m excited by the potential of the Common Good Retirement Plan to truly shift the way people like me think about saving for the future.  With the changing nature of work – and indeed the changing nature of retirement – a gold-plated pension after 25 years of service with the same organization just isn’t in the cards for me.  Adaptive.  Flexible.  Nimble.  We all agree that these are valuable traits of people driving social change.  I think they can and should also apply to how people like me can better save for the future.”

Richard Shillington, Social Policy Expert & Researcher
“Canada’s nonprofit sector labour force is not well-served by the current retirement support system (RRSPs / traditional pension).  This is because they are often lower-income or part-time workers with higher turnover rates.  GIS claws back their pension, CPP and RRSP benefits.  That’s why I support the Common Good Retirement Initiative, which uses savings instruments designed to work better for this population.”

John Stapleton, Innovation Fellow, Metcalf Foundation, and Principal, Open Policy Ontario
“Low salaries are not uncommon in the nonprofit world, so it is important that these workers are given the support to start saving for their retirement.  Through my work with low-income earners, I know firsthand the challenges they face in securing their financial future.  The Common Good Retirement Plan would not only help these individuals preserve their government retirement benefits, but also assist the nonprofit sector in providing a high-quality retirement plan to its dedicated workforce.”

For further information or to arrange interviews, please contact:
Janette Luu, Communications

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Les dirigeants du secteur sans but lucratif et de bienfaisance du Canada lancent une initiative visant à établir un régime national transférable de revenu de retraite unique en son genre

31, mai 2018 (Toronto, ON) – En raison d’une baisse constante de la couverture des régimes de retraite à l’extérieur du secteur public, l’établissement d’une retraite sûre pose de plus en plus problème aux travailleurs. Le secteur sans but lucratif et de bienfaisance du Canada joue un rôle de chef de file pour relever le défi de la sécurité de la retraite auquel font face des centaines de milliers d’employés et de travailleurs indépendants oeuvrant avec dévouement dans ce secteur – une démarche qui, à son avis, permettra de renforcer le secteur, de lutter contre les inégalités économiques et de favoriser un travail décent.

Certains des plus éminents dirigeants du secteur sans but lucratif, fondations philanthropiques et spécialistes de la sécurité de la retraite du pays sont le fer de lance d’un nouveau projet visant à créer un régime national transférable de revenu de retraite pour le secteur.  LeRégime de retraite axé sur le bien commun est une première occasion en son genre d’offrir aux travailleurs du secteur sans but lucratif canadien un moyen pratique, économique et efficace d’épargner en prévision de leur retraite, et de fournir aux employeurs de ce secteur un moyen facile d’aider leurs employés à assurer leur sécurité financière à long terme.


  • Environ 50 % des travailleurs du secteur sans but lucratif (plus de 850 000 personnes) n’ont pas accès à un régime de retraite d’entreprise, et beaucoup d’autres sont inscrits à des régimes de faible qualité et à frais élevés.
  • Environ 47 % des travailleurs de ce secteur occupent un emploi à temps partiel ou contractuel, comparativement à 12 à 18 % de l’ensemble de l’économie. Cette population croissante de travailleurs du secteur sans but lucratif n’est souvent pas admissible à un régime de retraite d’entreprise.
  • De nombreux employeurs du secteur sans but lucratif, en particulier les petits et moyens organismes, font face à des obstacles lorsqu’il s’agit d’offrir un régime officiel de retraite : coût, complexité, droits d’adhésion élevés, fardeau administratif, responsabilité financière potentielle, et absence de bonnes options peu coûteuses qui placent les intérêts de leurs travailleurs au premier plan.
  • Les travailleurs à revenu faible ou moyen du secteur font face à des défis uniques en matière de préparation à la retraite, y compris la possibilité que leurs prestations gouvernementales fassent l’objet d’une récupération à raison de 50 % ou plus s’ils épargnent selon une approche traditionnelle.


Pour s’attaquer à ce problème lié à la retraite à l’intention d’une collectivité aussi complexe que celle du secteur sans but lucratif, il faut déployer un vaste effort de collaboration qui combine une connaissance approfondie du secteur et une expertise en sécurité de la retraite. Les responsables de l’initiative en faveur du Régime de retraite axé sur le bien commun sont fiers de disposer de l’appui des dirigeants avant-gardistes suivants:

Comité Directeur

  • Alan Broadbent (Président), président-directeur général (PDG), Avana Capital, et président et fondateur, Maytree
  • Owen Charters, PDG, Repaires jeunesse du Canada
  • Rahima Mamdani, vice-présidente, Capital humain, Centraide du Grand Toronto
  • Elizabeth Mulholland, PDG de Prospérité Canada

Conseil des Champions

  • Colette Murphy (Chair), directrice générale, Fondation Atkinson
  • Alison Brewin, directrice générale, Vantage Point
  • Peter Chapman, directeur général, Shareholder Association for Research and Education (SHARE)
  • Adil Dhalla, directeur général, Centre for Social Innovation
  • Meghan Moore, PDG, Loran Scholars Foundation
  • Lee Rose, PDG, Community Knowledge Exchange
  • Paulette Senior, présidente-directrice générale, Fondation canadienne des femmes
  • Richard Shillington, statisticien et expert en politiques sociales
  • John Stapleton, chercheur en innovation, Fondation Metcalf et directeur, Open Policy Ontario

Fondations Partenaires

  • Fondation Atkinson
  • Hamilton Community Foundation
  • Maytree
  • Fondation Metcalf

La conception et l’exploitation du Régime de retraite axé sur le bien commun seraient assurées en partenariat avec Common Wealth, une entreprise vouée à la sécurité de la retraite qui a créé le premier régime de retraite au Canada pour les travailleurs à revenu faible ou moyen en collaboration avec SEIU Healthcare, et dont l’équipe compte des décennies d’expérience au service de certains des principaux régimes de retraite publics du pays. Le conseiller technique expert du régime est Keith Ambachtsheer, expert en sécurité de la retraite et directeur émérite de l’International Centre for Pension Management de l’Université de Toronto.


Le site Web commongoodplan.org a été lancé pour sensibiliser le secteur sans but lucratif et mener un vaste processus de consultation auprès de celui-ci.

Afin d’établir le meilleur régime de revenu de retraite possible, un sondage national (disponible en français et en anglais) a été élaboré en collaboration avec Pollara Strategic Insights – l’une des plus grandes entreprises de sondages du Canada – pour mieux comprendre les besoins et les offres en matière de retraite du secteur sans but lucratif et de bienfaisance. Nous demandons aux employeurs, aux travailleurs (y compris les employés à temps partiel et les travailleurs indépendants), aux membres de conseils d’administration et aux autres dirigeants du secteur sans but lucratif de répondre au sondage d’une durée de 5 à 10 minutes à l’adresse commongoodplan.org/survey.

Le processus de mobilisation du secteur aura lieu au cours des six prochains mois, et la décision d’aller de l’avant avec la mise en œuvre sera prise à l’automne 2018. Si l’initiative obtient un appui suffisant de la part d’employeurs et d’associations disposés à offrir le Régime de retraite axé sur le bien commun, celui-ci serait mis à la disposition du secteur dès 2019.


Le Régime de retraite axé sur le bien commun combine les principes des meilleurs régimes de retraite au monde avec une conception plus souple pour tenir compte des besoins de la main-d’œuvre actuelle du secteur sans but lucratif. Le Régime serait géré par un conseil d’administration ayant une obligation fiduciaire et reposerait sur les principes suivants:

  • Accessibilité:  Mis à la disposition des travailleurs indépendants, à temps partiel et à temps plein du secteur sans but lucratif dont les employeurs, les associations ou les syndicats souscrivent au Régime
  • Transférabilité:  Permet aux participants de continuer à participer au régime, même s’ils changent d’emploi ou de statut professionnel, s’ils déménagent ou prennent leur retraite
  • Abordabilité:  Comporte des frais moins élevés et offre des placements structurés, gérés par des professionnels, de manière à assurer le revenu de retraite le plus élevé pour chaque dollar que le participant ou l’employeur verse
  • Souplesse:  Les cotisations des employés seraient souples et les cotisations de l’employeur seraient facultatives
  • Inclusion:  Comme il s’agit d’un régime communautaire, les conjoints et conjoints de fait seraient également admissibles à y participer

Pour de plus amples renseignements ou pour organiser des entrevues, veuillez communiquer avec
Janette Luu, Communications