What are the three pillars of Canada’s RIS and what are their functions?

• The Retirement Income System (20%):

• What are the three pillars of Canada’s RIS and what are their functions?
• What are the main objectives of Canada’s RIS? What are the indicators for measuring Canada’s success in meeting these objectives? Describe the indicators and compare them.
• According to OECD data, how does Canada compare to the United States and the OECD average in terms of rates of old-age poverty and retirement income replacement? How does Canada compare to the United States and the OECD average in terms of replacement for someone with career average earnings equal to 50%, 100% and 150% of the average national wage? Produce excel bar charts to visualize these comparisons.
• According to the most recent Statistics Canada data on absolute and relative poverty measures, how does the absolute poverty rate of Canada’s elderly compare to that of other age groups? How about for the measure of relative poverty? Do the measures differ by sex, and if so, what might explain that? Use Statistics Canada’s public-use data to line-plot the trends over the available reference period.
• Building from the above two bullet points: how well does Canada appear to meet it’s RIS objectives, and which subsets of Canadians need to be most wary when preparing for retirement?