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Battle Lines are Drawn at PEI Pension Summit

Posted by on Jun 13, 2010 in Retirement | 0 comments

While most Canadians have been enjoying a quiet weekend, the war of the press releases has begun in response to Finance Minister Flaherty’s suggestion late last week that pension reform include modest changes to CPP plus legislative changes that would facilitate the establishment of larger multi-employer type plans by financial institutions.

Plan to raise CPP premiums outrageous

Toronto, June 11, 2010 – The Canadian Federation of Independent Business (CFIB) is calling recent letters from Federal Finance Minister Jim Flaherty and Ontario Finance Minister Dwight Duncan recommending increases to the Canada Pension Plan (CPP) benefits outrageous.  This follows a letter sent by CFIB to all finance ministers earlier this week which strenuously opposed the union call to double CPP……

Ted Morton Doesn’t Speak for Albertans on Pension Reform

Don’t allow improvements to be derailed, finance ministers warned

EDMONTON, June 13 /CNW/ – Canada’s finance ministers are being urged to ignore the opinions they are hearing from their Alberta counterpart, Ted Morton.

In an open letter in today’s Guardian newspaper in Charlottetown, P.E.I., where finance ministers are meeting to discuss Canada’s pension crisis, the Alberta Federation of Labour (AFL) says that Morton does not speak for the majority of Albertans.

In the letter, AFL President Gil McGowan says that Morton will probably tell the other finance ministers that ordinary Albertans oppose reform to the nation’s pension system.

“Don’t believe him,” McGowan says in the letter. “The truth is Albertans have less retirement security than many other Canadians. While only 38 per cent of workers in Canada are covered by workplace pension plans, that number is only 33 per cent in Alberta. Individual Albertans also have smaller nest eggs as a proportion of their incomes than most other Canadians. As a result, if there is any province where working people would benefit most from CPP expansion, it’s Alberta.”…..

PSAC delivers pension petition with 100,000 signatures to Jim Flaherty in Charlottetown

CHARLOTTETOWN, June 13 /CNW Telbec/ – Members of the Public Service Alliance of Canada welcomed federal Finance Minister Jim Flaherty to Charlottetown today, by hand delivering a petition signed by 100,000 people. The petition calls on the federal government to protect public service pensions and expand CPP and OAS to guarantee retirement security for all Canadians. PSAC represents 172,000 workers, primarily in the federal public sector.

PSAC National President John Gordon had personally invited Flaherty to accept PSAC’s pension petition and National Executive Vice-President Patty Ducharme took the initiative to hand deliver it to him at the airport this morning……

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