Maximum coverage of $1,000 a month when company pensions fail falls far short of recommended $2,500 level of support.
Pensions and Retirement Security
Agreement to distribute $22.5 million in proceeds arising from the demutualization of certain insurance policies.
'Everyone concerned about the effectiveness of the Canada Pension Plan (CPP), Old Age Security (OAS) and Guaranteed Income Supplement (GIS) programs is urged to participate.'
Canada's publicly-run pension system did far better than private pension plans.
No impact will occur on pension formula, inflation protection in retirement, survivor benefits or disability benefits.
Leading leadership candidate misinforms Nova Scotians about pension plan contributions by public employees. - Updated
'CPP's investment in the tar sands involves pensioners in a toxic legacy when they should be able to rely on an ethical, sustainable retirement plan.'
The National Union and its Components call for expansion of public pensions at P.E.I. meetings.
"We have no interest in a system that provides reasonable retirement security for some but doesn't for the majority of Canadians."
Decision follows adoption of 2009 OPTrust statement on responsible investing.