'Could save taxpayers the cost of high management fees associated with the private sector insurance business and make pension coverage more effective and affordable.'
Pensions and Retirement Security
38% will work out of financial necessity while 5% are waiting to win a lottery.
CPP changes derailed as federal finance minister puts forward a limited voluntary private-sector pension option designed for small businesses and the self-employed.
'I'm pleased Minister Sheridan believes that its time to increase benefits under the CPP.' - Shelley Ward.
Brief calls for higher CPP and GIS benefits and a national pension insurance program.
Quebec also 'lukewarm' to national pension reforms under consideration by Canada's finance ministers.
'No decisions have been taken yet to reduce any benefit or increase contributions.'
Toronto pension lawyer says precedent set by court could affect retirees depending on other financially stressed pension funds across Canada.
Judge hearing case filed by employees' pension committee castigates province for delaying action on pension plan shortfall.
'Hanging in the balance of the decision is whether the committee or the government has the authority to devise the plan to insure security and long term solvency.'