Replacement income for CAPs hits lowest levels

Replacement income for CAPs hits lowest levels

Capital Accumulation Plan Income Tracker (CAPit) – April 2019

The fourth quarter of 2018 saw the largest decline since 2011 in a retiring member’s ability to create secure retirement income. In fact, it’s reached a new all-time low.

The close of 2018 saw replacement income for a female fall to 54.8% and 56.3% for a male. Of this, government programs steadily continue to replace about 32%. What’s behind this decline? Decreased income a plan member can generate with their CAP.