Though Canada’s retirement income system was ranked eighth among 27 countries by the 2016 Melbourne Mercer Global Index, it also revealed the weaknesses in our retirement system. These weaknesses include that: three in four private sector workers don’t have access to an employer-sponsored pension plan; the level of household savings for middle-income earners is insufficient; […]
While the Association of Canadian Pension Management is in favour of enhancing the Quebec Pension Plan, it’s calling for a targeted solution to the problem of inadequate retirement income in the province. In a submission to the public consultation on QPP reform, Bryan Hocking, the association’s chief executive officer, noted that any changes to Quebec’s retirement […]
Despite the federal government’s plan to move ahead with reforms to the Canada Pension Plan, a recent survey by Aon Hewitt has found only 35 per cent of employers will be preparing for the changes this year. Only 13 per cent of 250 Canadian employers surveyed in October had already started planning for the CPP reform, […]
Manitoba has joined the other provinces in working towards enhancing the Canada Pension Plan, though Premier Brian Pallister said the province’s agreement with the federal government includes additional research and analysis on several proposals it had set out at the end of June. Manitoba had opted out of the agreement struck in Vancouver on June […]
As the July 15 deadline for provincial leaders to commit to an expanded Canada Pension Plan approaches, the Canadian Federation of Independent Business is calling on governments to delay the final agreement in favour of consulting with Canadians and conducting a full economic impact analysis. A CFIB survey that polled nearly 4,000 small business owners […]
Manitoba has proposed a series of enhancements to the Canada Pension Plan agreement that it believes would make the CPP “more responsive to the realities of the generation to come.” Despite opting out of the agreement struck in Vancouver on June 21 by federal, provincial and territorial ministers, Premier Brian Pallister said in a statement […]
Is it your job as a plan sponsor to educate your employees about the Canada Pension Plan expansion? Most employers will consider it the federal government’s responsibility — but there’s a lot to gain from connecting with employees on government benefits. Here’s why: 1. CPP expansion is making headlines and will continue to be in […]
Now that the finance ministers have reached an agreement on Canada Pension Plan expansion, you’d think we could all breathe a sigh of relief and go back to our normal lives. Whether or not you like the compromise reached yesterday in Vancouver, the 10-year national debate on pension reform has finally reached a closure of […]
A majority (58 per cent) of Canadians are in favour of a moderate expansion to the Canada Pension Plan and Quebec Pension Plan, according to research published today by the Angus Reid Institute. The research, released as federal Finance Minister Bill Morneau meets with his provincial and territorial counterparts in Vancouver to discuss CPP reform, […]
With finance ministers discussing potential enhancements to the Canada Pension Plan in Vancouver today, what would you like to see come out of today’s talks? As Benefits Canada reported last week, a flurry of proposals are on the table as ministers discuss the issue in Vancouver. Ontario Premier Kathleen Wynne has pushed hard for a broad-based enhancement […]