Fix pensions now: not one cent more in CPP/QPP!
Canada faces a very real crisis: the lack of FAIRNESS AND SUSTAINABILITY in our pension system due to demographics and overly generous public sector pensions.
Canada's union leaders recently launched a massive campaign promising a doubling of CPP/QPP benefits by
dramatically hiking premiums for employees and employers. What isn't being stated is that working Canadians will pay higher premiums right away but won't see the doubling of benefits for 40 years. Is that fair?
I am opposed to an increase in CPP/QPP premiums! This payroll tax hike will kill jobs. It doesn't address the estimated $200+ billion unfunded liability in federal public sector pensions, with untold liabilities in provincial and municipal government plans.