CARP calls on First Ministers to protect retirees

Investment executive: A national non-profit organization is calling for the retirement security of Canadians to be a priority agenda item at the Nov. 10 meeting of First Ministers.

In a letter to the prime minister and all provincial premiers, CARP, a Toronto-based group devoted to enhancing the quality of life for aging Canadians, says recent stock market turmoil has had a “disastrous effect” on millions of retirees, reducing their savings precipitously.

Susan Eng, CARP’s vice-president of advocacy, said she is encouraged that Finance Minister Jim Flaherty brought up the issue of pensions at the recent meeting of finance ministers.

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