precarious labourSyndicate content

Columnists

Liberals' pension reforms fall woefully short for Canadian workers

While changes to the Canada Pension Plan (CPP) recently adopted by the current federal Liberal government offer some improvement, they do not go far enough.

The legislation includes an increase to the annual payout from 25 per cent to 33 per cent of pre-retirement earnings. In addition, the maximum amount of income covered by the CPP increases from $54,900 to about $82,700 -- once it is fully phased in. However, because the changes do not fully come into effect until 2025, most workers will not have saved enough or contributed a sufficient amount to the CPP and therefore many will be retiring in poverty.

For a government that claims its legislation is fact-based, it has clearly misread the facts.

The facts are:

Comments

We welcome your comments! rabble.ca embraces a pro-human rights, pro-feminist, anti-racist, queer-positive, anti-imperialist and pro-labour stance, and encourages discussions which develop progressive thought. Our full comment policy can be found here. Learn more about Disqus on rabble.ca and your privacy here. Please keep in mind:

Do

  • Tell the truth and avoid rumours.
  • Add context and background.
  • Report typos and logical fallacies.
  • Be respectful.
  • Respect copyright - link to articles.
  • Stay focused. Bring in-depth commentary to our discussion forum, babble.

Don't

  • Use oppressive/offensive language.
  • Libel or defame.
  • Bully or troll.
  • Post spam.
  • Engage trolls. Flag suspect activity instead.
Photo: Government of Alberta/flickr
| November 17, 2016
Photo: Dano/flickr
| September 20, 2016
Photo: Morgan/flickr
| April 19, 2016
Photo: AJ Batac/flickr
| February 11, 2016
Photo: Amber Case/flickr
| November 25, 2015
Photo: OFL Communications Department/flickr
| November 18, 2015
Columnists

It's labour, stupid: Boost the economy by boosting wages

Photo: Michael Fleshman/flickr

Like our labour coverage? rabble is reader-supported journalism. Chip in to keep stories like these coming.

Comments

We welcome your comments! rabble.ca embraces a pro-human rights, pro-feminist, anti-racist, queer-positive, anti-imperialist and pro-labour stance, and encourages discussions which develop progressive thought. Our full comment policy can be found here. Learn more about Disqus on rabble.ca and your privacy here. Please keep in mind:

Do

  • Tell the truth and avoid rumours.
  • Add context and background.
  • Report typos and logical fallacies.
  • Be respectful.
  • Respect copyright - link to articles.
  • Stay focused. Bring in-depth commentary to our discussion forum, babble.

Don't

  • Use oppressive/offensive language.
  • Libel or defame.
  • Bully or troll.
  • Post spam.
  • Engage trolls. Flag suspect activity instead.
Photo: Xiaojun Deng/flickr
| August 11, 2015
Photo: pmwebphotos/flickr
| June 2, 2015
Syndicate content