A Better Pensions Report

STEERING COMMITTEE OF PROVINCIAL/TERRITORIAL MINISTERS
ON PENSION COVERAGE AND RETIREMENT INCOME ADEQUACY
OPTIONS FOR INCREASING PENSION COVERAGE AMONG
PRIVATE SECTOR WORKERS IN CANADA
EXECUTIVE SUMMARY

This paper released by BC Finance Minister Colin Hansen for the provincial/territorial ministers indicates much more fundamental problems with our pension system than those identified in the Mintz Report and gives serious consideration to the option of CPP expansion

http://www.fin.gov.bc.ca/pension_plan_options_paper.pdf

5 comments

  • This is an interesting paper, not least because it presents realistic cost estimates and phase-in periods for an expanded CPP. Table 2 on page 16 shows contribution rates required for different benefit levels. The second paragraph on page 18 notes that full implementation would take 40 years – i.e. assuming immediate consensus and enabling legislation passed pronto, the full expanded benefit would be payable to people retiring in 2050.

  • Has anyone done a review of what the Canadian government is investing in in relation to the Canadian Pension Plan?

  • What with HST do to us poor seniors just jave enough to pay taxes & up keep in our homes. You are robbiness bluind. Yake big PAID vacation .CLOSE PARLIAMEBT PAID by our tavesm Ebough is enough. How will the economy have any relief but you people are sitting on our Tax dollars??????????????????????

  • A more detailed description of the CSPP alternative can be found in Keith Ambachtsheer’s original paper at

    http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1408705

  • Can you please send me the link to “Is Our Pension system Really Working?” our President Ken Battle is looking for a copy.

    Kind regards,
    Melanie

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