A global pension index looked at the Canada Pension Plan, income supplement programs such as OAS, GIS, and workplace private plans and voluntary retirement savings to assess the state of the system. Photo by Sean Kilpatrick / The Canadian Press

Canada’s pension system received a better score in an ongoing survey of programs around the world, but still has room for improvement.

Canada was given a grade of B, the same as last year, by the Mercer CFA Global Institute Pension Index 2025, but its score rose to 70.4 out of 100 from 68.4.

“We have a strong system,” F. Hubert Tremblay, partner and senior wealth adviser at Mercer Canada, said. “And one of the main strands of the Canadian pension system is that we have a diversified system with multiple sources of income into retirement .

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