Pension Tension campaign launched
In June 2012, the Canada Pension Plan (CPP) will undergo a major review. Seven provinces, the unions as well as the official opposition are pushing for a CPP hike in one form or another. Even the federal government's 2011 budget leaves the door open to a potential hike in this job-killing payroll tax. CFIB is opposed to any increase in CPP until governments get a handle on unfunded public sector pension liabilities.
On July 18th, we launched a national campaign on a host of pension-related issues. The campaign focuses on pushing governments to:
- Resolve the unfairness and unsustainability of public sector pensions by requiring public sector employees to contribute at least 50% to their pension, eliminating early retirement and reconsidering defined benefit pension plans for new employees.
- Require disclosure and transparency of public sector pension plans.
- Replace discussion of increasing CPP premiums and benefits with a voluntary Pooled Registered Pension Plan.
CFIB is not asking to take already earned pension benefits away from current retirees or those nearing retirement. Instead, we are pushing for changes to the current pension system to ensure it is viable and sustainable for all Canadians. To do this, we are meeting with provincial and federal officials all across Canada to raise awareness. For more information and to get involved please visit www.cfib.ca/pension
