Review of pension plans in the broader public sector misses the mark completely for the tens of thousands of workers who have no pension coverage at all.
- See also Pensions and Retirement Security
Small GIS increase to go only to those seniors with less than $2,000 income a year.
QPP contributions will increase while workers who retire before age 65 will have their QPP benefits further reduced
"As a mechanism for addressing the deficiencies in Canada’s retirement income system, PRPPs are greatly inferior to an expanded CPP."
Two thirds cite lack of funds as reason for not making RRSP contribution.
Payments under OAS and GIS will rise 0.5 percent.
Canadians believe they'll work longer than the traditional retirement age of 65, they're less confident about their retirement outlook, and they're concerned about their financial well-being.
Canadians 35-54 years of age are the most likely to have withdrawn money from their RRSP
“The notion that small businesses will join a PRPP because it’s simpler than existing employee-sponsored options is a bit of pipedream.”
Tim Hudak is misleading voters by pretending that an attack on public sector jobs and wages will deal with a financial mess that the financial sector has caused, says James Clancy, NUPGE's national president.