"To make a difference, Canadians need to pressure our government to take on the issue of income inequality head-on." - James Clancy, NUPGE National President.
Pensions and Retirement Security
In 2010, men accounted for 50.1% of total pension plan membership, while the percentage of women rose to 49.9%, a record level. In the early 1970s, men accounted for almost 75% of total membership in pension plans.
“We want C4Ps to focus on a positive message which talks about the impact workplace pensions have in providing seniors with decent retirement income as well as creating a strong and healthy economy.”
For the first time, NSGEU/NUPGE representatives will share in the decision-making about the plan’s assets and will have a say about what to do if the plan is over or underfunded.
CPP benefits increase by 2.8 percent effective January 2012: Yearly Maximum Pensionable Earnings (YMPE) for 2012 set at $50,100
“The CPP offers an already existing administrative structure and framework to improve retirement benefits for working Canadians at relatively low cost.”
“Canada does not need yet another voluntary tax-assisted retirement savings program. It needs public pensions that provide all Canadians with a basic guarantee of adequate income.”
RRSP system is one of Canada's most expensive social programs, costing the federal and provincial governments over $17 billion in foregone tax revenue
"Workers are being told to work longer, pay more and receive less," said James Clancy, NUPGE National President. "We stand in solidarity with each and every UNISON member in the fight for decent pensions. Enough is enough."
Canada’s pension system is the tenth most stable system in the world.