Tag : Retirement Security

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March 17, 2016
post

Win for workers as government restores eligibility age for retirement benefits

Today the Canadian Labour Congress celebrated the Prime Minister’s announcement that his government will maintain the eligibility for Old Age Security at 65. In 2012, the Conservatives announced they would raise the age to 67 starting in 2023. “We have been calling for the government to ensure the eligibility age remains at 65 since the Conservatives announced the change four…
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January 27, 2016
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Ontario must hold off on ORPP and lead on CPP expansion instead

Canada’s largest labour organization wants the Ontario government to hold off on implementing the Ontario Retirement Pension Plan and take the lead on finding a pan-Canadian solution to the looming retirement security crisis instead. “We hope Premier Wynne will consider putting the Ontario-only plan on hold and instead play a leadership role with the federal government, other provinces and the…
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December 21, 2015
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CLC says Finance Ministers’ CPP announcement is an important first step

OTTAWA – Since 2009, the Canadian Labour Congress has been actively campaigning for an expanded Canada Pension Plan. Today, it responded to the Finance Ministers’ announcement that they will begin discussion and consultation on options for the CPP going forward. “Expanding the CPP is something Canadians support and it’s already long overdue,” said Canadian Labour Congress President Hassan Yussuff. “We’ve had…
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December 17, 2015
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CLC urges Finance Ministers to commit to universal expansion of the CPP

After a lifetime of hard work, no one should have to retire in poverty. But if you or a family member is worried about being able to afford to retire, you’re not alone. Today, nearly two in three working Canadians – that’s 11 million workers – have no workplace pension plan. With baby boomers about to retire in unprecedented numbers,…
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October 19, 2015
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Canadians Reject Politics of Fear and Division: CLC hopeful for progressive change under Liberal government

OTTAWA – The Canadian Labour Congress is congratulating Prime Minister-designate Justin Trudeau and the Liberal party on their election victory, and urging them to act quickly on key priorities for working Canadians. “Canadians have soundly rejected the Conservatives’ politics of fear and division and have voted for change, and we look forward to working to ensure the Trudeau government delivers…
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May 26, 2015
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More delays won’t fix Canada’s retirement security crisis

Finance Minister Joe Oliver’s announcement today that he will “consult” Canadians on voluntary increased Canadian Pension Plan contributions shows the government is more worried about appearances than actually tackling Canada’s retirement security crisis, says Canada’s largest labour body.  “We know through polling that an overwhelming majority of Canadians already support expanding the CPP through increased mandatory contributions,” said CLC president…
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April 25, 2015
research

Are you looking forward to retirement, or worrying about ever being able to?

You can choose a more secure retirement for all workers. Solutions for A Better Future Canadians are worried about their retirement, and the number of seniors living in poverty in Canada is on the rise. As older workers near retirement age, many fear they won’t have enough money saved. For some, the investment returns they were promised never materialized. Others…
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April 24, 2015
research

Federal Budget 2015: Our analysis

Overview and context Budget 2015 sticks closely to the federal government’s seven-year script of spending cuts, restrained investment and tax measures largely benefiting wealthy Canadians. The 2015 budget has been advertised as the return to balance after 7 years of deficits, a period of red ink prolonged by massive tax cuts that further weakened an already sluggish recovery and added…
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April 23, 2015
research

Federal Budget 2015: Not the economic stimulus we needed

The Canadian Labour Congress says the federal budget does not deliver the economic stimulus Canadians needed to feel better about their future. “As expected, this is a pre-election budget, with lots of little gifts aimed at fending off critics and buying votes from certain constituencies,” said CLC president Hassan Yussuff. “It does not launch the economic stimulus Canadians need to…
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April 20, 2015
research

Our solutions to the pension crisis

Canada is heading for a crisis. Today, seniors make up about 16% of the population, but within a generation that number will grow to nearly 25%. Between now and 2022, over 3 million workers are expected to retire – but many of them already know they can’t afford to. The legacy of wages that barely keep pace with the cost…
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