The Greater Nanaimo Chamber of Commerce paid off its mortgage, setting the document aflame last week - and now it plans to funnel money into finding solutions for a "retirement bulge" of aging baby boomers.
Chamber Chairman Odai Sirri said the retirement increase is especially an issue in Nanaimo, where the median age is higher than the provincial average.
"Too many businesses do not have a plan for what they are going to do when (boomers) retire," Sirri said.
"We have to dedicate resources to this committee to start coming up with solutions."
Donna Hais, who was president of the Chamber when the mortgage was started, said the plan was always to pay it off quickly so there would be funds for undertakings like this one.
Sirri said the Chamber will put resources into polling businesses, gathering information and eventually forming a plan in attempt to take some of the pressure off while experienced workers retire, flooding long-term care homes and hospitals.
Meanwhile, a Canadian Medical Association report card released Sunday reveals most Canadians are concerned about the pressure retiring boomers will put on the health care system.
A poll done by Ipsos Reid for the CMA shows that nine out of ten people support a national strategy on seniors' care. The poll also showed that 59 per cent of people don't believe hospitals and long-term care facilities can handle the needs of seniors in their area.
"The results of this year's CMA report card send a clear and direct message to policy makers and public office holders that all levels of government need to act to address the demographic tsunami that is heading towards the health care system," Ipsos Reid said in a statement.
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