The drive to enrich Canada's main public pension plan took a major step forward Monday with an agreement by federal and provincial ministers to look to ways of enriching the plan once the economy improves.
It seems the idea of expanding the Canada Pension Plan doesn’t die easily. The NDP hasn’t let it go, nor has the Ontario government who, with their March 27 budget, reiterated their preference for a “modest, phased-in expansion of CPP” over pooled registered pension plans (PRPPs).
Alberta’s conservative Wildrose party has suggested that the province withdraw from the Canada Pension Plan (CPP) and create its own Alberta Pension Plan, reports the Calgary Herald.
Federal Finance Minister Jim Flaherty appears set to discard the option of enhancing the Canada Pension Plan, heading into the meeting with his provincial counterparts in Kananaskis, Alberta. Last week Flaherty proposed a private sector solution to Canada’s future retirement funding crisis, which would allow workers without a pension plan to contribute to a pooled […]
There are no end to the opinions of what needs to be done to better our current pension system. Although it’s been talked about for over a year, we have yet to see major progress. Many feel the time to act has come. With the minister’s meeting in Alberta only days away, we’ve put together […]
The story we published yesterday regarding the outcomes of Tuesday night’s parliamentary “take note” debate on pension reform—Parties joust over pension reform in “take note” debate—generated a lot of buzz from readers. Here are what some of our readers had to say. “Unfortunately, the manufacturing base is eroding quickly and the vast majority of well […]
The Alberta division of Canadian Union of Public Employees (CUPE) says the province’s Finance Minister Ted Morton should listen to the views of Albertans and support an expansion of the Canada Pension Plan (CPP). Dennis Mol, president of the Alberta Division of CUPE, called on Morton to support a proposal to expand the public pension […]
The Alberta Federation of Labour (AFL) is calling the Alberta government out on its stance against an enhanced Canada Pension Plan (CPP). In a report released on November 16 by the AFL, It IS broke…so fix it!, the labour organization makes it clear that it believes the provincial government is not acting in the best […]
More than three quarters of Canadians in British Columbia and the Prairies support increasing Canada Pension Plan benefits, according to a new national survey commissioned by the Canadian Union of Public Employees (CUPE) and the Public Service Alliance of Canada. Also, 80% of people in B.C. and the Prairies support increasing federal payments to […]
A brief update on the movement on the pension reform front. CPP Negotiating changes to the Canada Pension Plan isn’t going to be easy. Changes made to the CPP require the agreement of two-thirds of the provinces, representing two-thirds of Canada’s population. Currently, Alberta Finance Minister Ted Morton is not onside with such changes. Alberta […]