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Pension overkill
Friday, July 15th, 2011
Jul. 13, 2011
… the IRPP study suggests expanding mandatory savings by expanding the Canada Pension Plan (CPP). Similar to all the other proposals, this latest one is overkill for a policy issue that has seriously been overblown, and comes with a number of adverse consequences… those with low earning levels achieve higher rates of earnings replacement through government benefits. Hence the problem is not about senior citizens living in poverty. In fact, OECD rankings show that Canada has the second lowest poverty rate for senior citizens after the Netherlands.
Tags: ideology, pensions, standard of living
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