![CUPE says no to voluntary CPP](https://www.benefitscanada.com/wp-content/uploads/sites/7/2012/09/new-media21.jpg)
The Canadian Union of Public Employees (CUPE) believes CPP enhancement is a better option than a voluntary CPP.
Of the nine questions the federal government set out in its consultation document, CUPE only answers the first one: “Do you believe a voluntary supplement to the CPP should be an option for Canadians to save for
retirement?”
The union’s response: “no.”
Read: IFIC dislikes voluntary CPP
The other questions posed by the government “are all loaded questions that depend on a positive response to this first question,” CUPE says in its submission. “The bulk of the questions are therefore designed to stimulate replies favourable to the government’s proposal as a whole.”
The union then gives six reasons why it rejects a voluntary CPP :
- Canada faces a significant broad-based retirement income problem;
- Conservatives know a voluntary CPP supplement won’t work;
- another voluntary savings scheme won’t solve the crisis;
- employers would not be required to contribute;
- the proposed supplement would only provide insecure benefits; and
- the government should stop blocking real CPP expansion
To read the submission, visit CUPE’s website.
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