Consultations on allowing for voluntary individual contributions to the CPP won't lead to any real help for workers worried about having a secure retirement income, the Canadian Union of Public Employees (CUPE) says.
The Harper government says it will explore giving people the option to pump more of their earnings into the Canada Pension Plan to boost their retirement savings.
Are Canadians saving too much and living too little? And if so, who's benefiting?
A slight majority of HR professionals aren't in favour of the proposed Ontario Retirement Pension Plan, finds a Human Resources Professionals Association survey.
Enhanced CPP isn't the only way to solve the retirement crisis.
The benefit rates for the Canada Pension Plan are increasing next year, says Employment and Social Development Canada.
Pension wealth advanced to $2.85 trillion at the end of 2013, up 11.4% from 2012, says Statistics Canada.
Enhancing the Canada Pension Plan isn’t required because Canadians have saved enough, say Ian Lee, assistant professor at the Sprott School of Business at Carleton University.
The Canada Revenue Agency will raise the maximum pensionable earnings under the Canada Pension Plan for 2015 to $53,600, up from $52,500 in 2014.
A study finds that the cost of running the Canada Pension Plan has more than tripled due to increased external management fees.