A fear of running out of money is an understandable concern about retirement. And a new survey from Canada Pension Plan Investments points to it being widespread.

Among respondents, 59 per cent fear outliving their retirement savings.

To the person in charge of messaging for CPP Investments, the finding speaks to a lack of clear communication about CPP itself. The defined benefit plan available to all Canadian workers who have paid into it provides a guaranteed retirement income stream for life, says Frank Switzer, managing director of communications at CPP Investments.

“People can count on their CPP payment” for the length of their retirement.

At least, they can be assured CPP will be there for them for the next 75 years, as projected by the Office of the Chief Actuary, which conducts

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