Challenging Government’s plan to scrap Individual Pension Plans (IPPs)

For more details

Letter from CFIB president Catherine Swift

To the Minister of Finance and Minister of State (Finance)

At a time when most governments are seeking to increase the retirement savings options available to private sector individuals, it seems highly inconsistent to change the defined-benefit Individual Pension Plans (IPPs) in such a way that it would effectively eliminate IPPs. Nevertheless, this seems to be the result of the IPP changes regarding "past service" announced in the 2011 Federal Budget. As this is one of the only defined-benefit pension plans offered to the self-employed, CFIB president Catherine Swift wrote to Finance Minister Flaherty and Minister of State (Finance) Menzies challenging the decision and asking why there was no consultation period prior to moving forward with these changes.

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Challenging Government’s plan to scrap Individual Pension Plans (IPPs)

For more details

Letter from CFIB president Catherine Swift

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