Pension Reform Timeline: 2008 – Present


CARP has been advocating for pension reform since 2008, starting with a call for a national pension summit and for a Universal Pension Plan to address the growing problem of personal retirement savings inadequacy.

It is now widely accepted that Canadians are not and cannot save adequately for their own retirement.

Twelve million Canadians – two-thirds of the work force – do not have occupational pension plans. The problem is especially acute for middle-income Canadians who may not be eligible for sufficient OAS/GIS benefits in retirement, but who don’t have sufficient personal savings to avoid outliving their money.

In June 2010, finance ministers finally acknowledged that Canadians were not saving enough for their own retirement and that governments had a role to play. The federal government introduced Pooled Registered Pension Plans (PRPPs) as a solution to the savings gap and finance ministers committed to considering a “modest” CPP enhancement.

Legislation for Pooled Registered Pension Plans is being put in place but little progress has been evident on enhancing the CPP besides the promise to continue discussing the options. The next opportunity for the FTP finance ministers to take action is their mid-December 2013 meeting. It has been three years since the finance ministers agreed that Canadians needed help to save for their own retirement and proposed a modest CPP enhancement. CARP has been pushing for action throughout that time. Below is a timeline of action on pension reform, from CARP’s first call for a national dialogue to the most recent push for action.



June 2010:

Fall 2010:

December 2010:

Winter 2011:

June 2011:

·       Federal government cancels Finance Ministers meeting, missing opportunity to build consensus on CPP enhancement

October 2011:

·       CARP renews call for PRPP safeguards and action on CPP enhancement

November 2011:

·       Federal government introduces Pooled Registered Pension Plans Act

February 2012:

April 2012:

Fall 2012:

June 2013:

October 2013:

November 2013: