I don't know. Seems a little naive to say, I see no evidence just because it hasn't happened here yet. There are plenty of demographic studies that have forecasted this. Entitlements which are floating around are ludicrous and bad business. No one in the private sector retires at 57 with 70% pay because it's bad business and they can't run a ponzi scheme. This ponzi scheme is coming to a close and the writing is on the wall. Just because Canada's real estate market has not collapsed yet, does not mean it is not going to happen. "I see no evidence?". Evidence is for sheeple. Smart investors forecast the future. How much more tax can the Canadian endure so their neighbors can retire with $75,000 a year pensions. You think I want to pay for that stupidity? I need $1.5m of paid income property to duplicate that and I must remain a diligent landlord to retire like that while they collect their fat cheques from my hard work. This stupidity needs to end now and it's all coming to the surface. The fact that it's all over the news and we are talking about it is your evidence. This is not going away. My father retired at 56 from the city of Toronto with over 400 fully paid sick days. Try duplicating this stupidity in the private sector. Read some studies on demographics.
Canadians never signed up to pay outlandish outrageous taxes so politicians can bribe government employee vampires with crazy incomes and ridiculous pension plans and benefits so the politician himself can get elected and have his own juicy non sensical pension plan with crazy benefits.