CPP enhancement
CARP Analysis of Ontario Budget 2013
May 3rd, 2013: The Ontario government released the 2013 provincial budget yesterday and CARP staff was at the frontlines to see how it addresses the concerns of older Ontarians. CARP members will welcome Ontario’s recommitment to working with Provinces and the Federal Government to enact a modest enhancement of the CPP, new investment in home care, and a reduction in … Read more
CARP talks about CPP & PRPPs on New Brunswick’s Todd Veinotte Show
December 20, 2012 – Yesterday, Ms. Susan Eng spoke on the Todd Veinotte Show, based in New Brunswick, about CARP’s response to and position on this week’s Finance Ministers’ meeting on pension reform.. Despite the silver lining that CPP enhancements are still on the table and PRPP shortcomings are still under discussion, CARP was disappointed that nothing was done now … Read more
Flaherty says economy still too weak to boost Canada Pension Plan
OTTAWA – Finance Minister Jim Flaherty is re-introducing options for enriching Canada’s primary pension plan, but says the time is still not right for acting. The dual message comes as Flaherty prepares to welcome provincial and territorial colleagues to a government retreat outside of Ottawa on Monday, where pension reform will again take centre stage in discussions. This article was … Read more
CPP debate delay wins no big supporters
Canada’s Finance Minister Jim Flaherty pushed back a decision about potentially boosting the country’s main public pension system to next year as governments study ways to enhance the plan given rocky economic times. The delay appears to have sparked criticism from both sides of the debate. This article was published by Yahoo Finance on December 18th, 2012. To see this … Read more
Flaherty seeks unity on reform
Jim Flaherty is setting a high bar for boosting the Canada Pension Plan, saying any move to increase benefits and premiums must have the unanimous support of provinces and territories given the importance of the program. The Finance Minister’s position goes beyond the rules for amending the CPP, which mirror the formula for constitutional amendments and require the support of … Read more
Finance ministers put CPP reform back on the agenda
Canada’s finance ministers have announced a “way forward” on expanding the Canada Pension Plan, but put off any decisions until June to make sure the economy survives a potentially rocky few months. With uncertainty over the so-called fiscal-cliff negotiations in the United States and the unstable economic picture in Europe, finance ministers emerged from two days of meetings saying they … Read more
Now was the best time to act on CPP-Enhancement – Political landscape may change by June
CPP Enhancement is still on the table. That’s the good news. CARP members will be disappointed that the Finance ministers did not agree on increasing the CPP but can take some comfort that they will discuss it further in June. However, likely provincial elections this Spring could shift the political landscape by the time they meet again. This was a … Read more
Action needed to put pensions on road to health
The federal and provincial governments agree that Canadians aren’t saving enough for their retirement. Some have been calling for improvements to the Canada Pension Plan, while the Harper government in Ottawa has introduced something called pooled registered pension plans, which are supposed to encourage people to become better prepared. This article was published by The Chronicle Herald on December 14th … Read more
Progressive Conservative Plan for Pensions
December 7, 2012 – Implementing Pooled Retirement Pension Plans (PRPPs) and taking on “generous” public pensions plans are the central planks in the Ontario Progressive Conservatives new discussion paper on pension reform. Increasing the retirement age, averaging earnings over alonger period of time, and reducing the percentage of earnings used to calculate thevalue of the pension are also up for … Read more
Hope still alive for resurrection of Quebec’s pooled pensions
Recently thought to be dead on arrival, Quebec’s Voluntary Retirement Savings Plan (VRSP) could be resurrected by the Parti Quebecois as early as this coming spring, offering an estimated two million Quebecers a retirement-savings alternative to the traditional RRSP. The pension proposal, which is seen by many as a precursor to the adoption of the comparable PRPP (Pooled Registered Pension … Read more
