CPP enhancement

Canadians heading for a retirement income crisis

DOMINO

With too many Canadians heading into retirement without enough savings, the debate now centres on what needs to be done to fix this looming problem. The warning bells have been clear, but they are growing increasingly louder: Canadians are not saving enough for retirement, and they’ve got to do something about it, quickly. “I think there’s a broad consensus that … Read more

Posted in Advocacy, Campaigns, CARP in the News, CPP: Time to Act, News, Your Finances

Support builds for Wynne’s Ontario Pension Plan

Wynne Sousa Meeting on Ontario Solution - Feature image

OTTAWA — The federal Conservatives’ unwillingness to work with the provinces to find ways to enhance the retirement security of Canadians has been a disappointment, says Ontario’s premier. “We’re very disappointed with the federal government in its unilateral decision to shut down discussions on enhancing the Canada Pension Plan,” Kathleen Wynne said Monday during part of her one-day visit to … Read more

Posted in Advocacy, Campaigns, CPP: Time to Act

Top 10 Dumb Things People Say About Pensions

Retirement Savings

By Susan Eng A lot of Canadians don’t save enough for retirement and many oppose any suggestion to increase CPP or set up new supplementary pension plans. Here are their reasons: 10. I plan to work ’til I drop! That would be great if you stayed healthy and you always had a job. Canadians are certainly living longer, healthier lives … Read more

Posted in Advocacy, Campaigns, CARP in the News, CPP: Time to Act, News, Your Finances

Retirees, Don’t Wait Around for Government To Fix the Pension Crisis

Three piggy banks with retirement savings message

By Susan Eng, VP of CARP Advocacy The key challenge facing the Ontario Advisory Panel on Retirement Income Security is to determine how best to help middle income earners save more for their own retirement. No option is off the table. And no option is the front runner. Any solution must address the chronic under-saving that threatens to reduce the standard of … Read more

Posted in Advocacy, Campaigns, CARP in the News, CPP: Time to Act, News, Your Finances

Finance minister gets feedback on pension proposals

canadian-pension-plan-earnings

Ontario Finance Minister Charles Sousa used a town hall meeting organized in Brantford by a retired citizens lobby group to advance the minority Liberal government’s plan for an enhanced pension plan. In a meeting room in the Carnegie Building of Laurier Brantford on Monday afternoon, Sousa praised local organizers of CARP – formerly the Canadian Association of Retired Persons – … Read more

Posted in Advocacy, Campaigns, CARP in the News, CPP: Time to Act, News

Ontario pension plan details coming in spring

Wynne Sousa Meeting on Ontario Solution - Feature image

The province of Ontario expects to announce details of its provincial pension plan in a few months, according to the premier. “It’s our plan to bring this forward in the spring,” Kathleen Wynne told reporters at Queen’s Park on Tuesday. “This is going to be a quick process because we have said that we are going to, in the very … Read more

Posted in Advocacy, Campaigns, CARP in the News, CPP: Time to Act, News, Your Finances

CARP CPP/Canada Post/Advocacy/Membership Poll Report

Slide1

Key Findings – CPP   January 10, 2013: When presented with two government positions – one that Canada has never been wealthier and the other that Canada is not wealthy enough to afford expanding CPP, members agree this means the government will never declare the economy healthy enough to sustain a bigger CPP, because it has a basic ideological bias … Read more

Posted in CPP: Time to Act, Your Finances

Bill Black: CPP hike should be gradual

Egg Labelled Retirement

Canadians don’t save enough for retirement. Expanding the CPP is a good idea, but it must be done slowly and carefully. When the Canada Pension Plan was established in 1965, it was on a less than solid foundation. The combined contribution rate of 3.6 per cent of pensionable earnings was much less than required to properly fund the benefits, and … Read more

Posted in Advocacy, Campaigns, CARP in the News, CPP: Time to Act, News, Your Finances

CARP Making the Headlines: CPP Enhancement Multimedia Coverage (Watch & Listen)

CARP+Goldhawk

Susan Eng on Goldhawk Fights Back: CARP members say the government does not deserve power if CPP is not enhanced Susan Eng was on Goldhawk Fights Back on December 9, 2013 to discuss a weekend poll of CARP members, in which 71% of members say the current government doesn’t deserve power if it doesn’t increase CPP contributions and benefits. Listen … Read more

Posted in CARP in the News, CPP: Time to Act, Your Finances

CARP meets with Premier Wynne and Minister Sousa on an Ontario pension alternative

Wynne Sousa Meeting on Ontario Solution - Feature image

CARP met again with Premier Wynne and Minister Sousa on December 18, 2013, but this time to provide input on an Ontario-led pension plan. Earlier in the week, the federal government vetoed the decision to enhance the CPP at the Finance Ministers’ meeting at Meech Lake, but Finance Minister Charles Sousa announced that Ontario will move forward and implement its … Read more

Posted in Advocacy, Uncategorized