News & Updates
Canadians want retirement planning to include health and social well-being: OMERS report
June 10, 2025
A majority of retirees (71%) and active workers (58%) say proper retirement planning should go beyond finances to include consideration of physical and mental health and social connections, according to a new survey by the Ontario Municipal Employees’ Retirement System (“OMERS”).
The OMERS Retire Ready Impact Report, which polled 1,500 Ontarians — split evenly between retired and non-retired individuals — found retired women were particularly affected by non-financial considerations, with 56% wishing they had done more for their physical health, compared with 48% of retired men.
Other notable findings from the survey included:
- More than 80% of retirees reported happiness with their retirement, but only 60% feel they have achieved their "ideal" retirement, based on timing, good health, and financial security.
- Roughly 20% of non-retirees feel that they will achieve their ideal retirement.
- 44% of non-retired men have started planning for retirement compared with 34% of women.
- Close to 40% of retirees claimed to have a comprehensive retirement plan that considers physical health, mental health, social connectivity and financial security. This group also reported higher overall satisfaction and health.
Click on ‘More Information’ below to review the report:
