“If [the] government insists on making any changes to this benefit, it would ultimately have to be dealt with through the collective bargaining process.” — Karen Jackson, PEI UPSE President
Pensions and Retirement Security
The PEI government will examine the "future costs" of the public sector service gratuity — retirement allowance — in its upcoming budget. Workers concerned this could lead to a reduction in benefits to save the province money.
Webinar on pension plan funding and the role of the actuary to take place Friday, April 8.
NUPGE set to deliver first in a series of five Pension Basics webinars.
"The Pension Basics webinars are a part of NUPGE’s ongoing efforts to increase the knowledge base and skill level of our activists in the important area of pensions." — Larry Brown, NUPGE National Secretary-Treasurer
Author of new report forecasts two worrying retirement trends.
By Richard Shillington, Yesterday, iPolitics
As the new Liberal government prepares to table its first budget, the twin challenges of ensuring adequate retirement security and reducing seniors' poverty are coming into sharper focus.
A report published Tuesday by the Broadbent Institute provides new data on seniors' income and retirement savings. It paints a stark picture of worsening poverty and inadequate savings trends, and offers a clear baseline of evidence for government action.
"The federal government has a major role to play in combating seniors' poverty in the most effective way — by increasing the benefits to the CPP." — James Clancy, NUPGE National President
"These studies suffer from significant methodological weaknesses and inconsistencies and massively oversell their results."
The percentage of workers covered by a pension plan has decreased from 40.6% of the Canadian workforce in 1998 to just 37.9% in 2013.
Let’s work together to bring back “fairness for all” and say goodbye to thinking that says “you’re on your own.” — Debbie Bovyer, PEIUPSE President