Mr. Georgetti said reforms should focus on future retirees.
“We should start putting in place now an adequate system of retirement savings so that the younger generation will not find themselves in the position that older workers find themselves today.”
The Canadian Labour Congress calls for a gradual doubling of Canada Pension Plan contributions over seven years to double the maximum CPP benefit to almost $22,000 a year.
CARP advocates a mandatory supplementary pension plan separate from the CPP that would allow employers and employees to build an even better retirement income.
Ms. Eng said, however, her group would support the Canadian Labour Congress proposal as a first step toward a broader reform.
Keywords: pension reform
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