Archive for the ‘Social Security’ Category

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Open Letter to federal candidates urging support for a national basic income

Friday, September 6th, 2019

A great many [issues] are linked to income insecurity, which manifests itself in the form of costly symptoms, like anxiety, illness and societal unrest. If the underlying problem is about income, however, then the solution must be too or it will not get better.

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Ottawa hit interim target for poverty reduction ahead of schedule, statistics reveal

Thursday, August 22nd, 2019

The Trudeau government has already met its interim target of cutting poverty by 20 per cent by 2020, and is working to reach its goal of slashing poverty in half by 2030… Some 850,000 Canadians have been pulled out of poverty since the Liberals were elected in 2015… Having met its 2020 goal, the government now must “aspire” to lift more than 2 million Canadians out of poverty by 2030, according to the legislation.

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Needed: A New Pension Paradigm For Canadians

Thursday, May 23rd, 2019

… the pension industry must go beyond the tired defined-benefit versus defined-contribution pension debate and focus on the model pension of the future… the authors explain a new pension paradigm that lies between the Classic DB and Classic DC… The common ground would include: Pooling: across multiple employers to reduce risk… Target Benefits: to share risks between sponsors and members… Scale: The optimum asset size would be $1 billion and up… Independent Management Boards

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Is ‘Left Over’ Food for ‘Left Behind’ People the Best We Can Do?

Monday, May 20th, 2019

Food banks operate as secondary food markets propping up ailing welfare systems… government must ensure domestic compliance under international law with its obligations to “respect, protect and fulfill” these rights ensuring food security for all. That means understanding food insecurity as a problem of income poverty. It must change the public conversation and political discourse from charity to human rights and social justice.

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The view from the ER: Ford is chopping up the safety net

Sunday, April 28th, 2019

On any given day, a small number of the patients seen in our ED are high-frequency users, many of whom have complex social concerns… Addressing… the problems of so many of my patients, requires real commitment from governments to support the social determinants of health – the social, economic and environmental factors that determine individual and population health. Instead, the government has promised cuts to public health, education, legal aid and social services.

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Why is retiring later a good idea? Because 65 is the new 55

Friday, April 19th, 2019

Canadian Institute of Actuaries suggests… Shifting the target retirement age for CPP and Old Age Security from 65 to 67, with a commensurate 14.4-per-cent boost in the monthly pension… Allowing Canadians to defer OAS and CPP until as late as 75, with a big boost in monthly payments as incentive… Encouraging employers to choose 67, rather than 65, as the target retirement date for new pension-plan members

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How raising the age for CPP and OAS to 67 would benefit the whole country

Monday, April 15th, 2019

It’s past time we updated a retirement-income system conceived in the days when people lived just 10 to 15 year after retirement… “This isn’t a recommendation to assist the government in improving sustainability or save the government money.” … Retirees will need more savings than previous generations because they will live longer, because company pensions have become more scarce and because saving is made more difficult by low interest rates.

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Ontario needs a minimum income floor

Wednesday, March 27th, 2019

… if you lower the benchmark, the number of people living in poverty invariably goes down… At the same time that Statistics Canada announced this good news story… Doug Ford’s cancellation of the pilot was regrettable, however, it is time we forget about pilots and move on to ensure everyone has a minimum income floor.

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Death knell for basic income: How participants will spend their last cheque

Monday, March 25th, 2019

The goal was to see if regular payments with few conditions would give people living in poverty the security and opportunity to reach their full potential. The project aimed to measure the basic income’s impact on food security, health, housing, education and employment. It was also testing whether a basic income would be a simpler and more economical way to deliver social assistance, a program mired in rules and bureaucracy.

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Ottawa takes first steps towards improving Canadian retirements

Saturday, March 23rd, 2019

Many employers have now shifted to defined-contribution plans, where workers tuck away a certain amount of savings every month. These plans can help an employee accumulate a substantial stash over the course of his or her career. The problem is that once the employee retires, it is entirely up to him or her to figure out how to transform those accumulated savings into a steady stream of income that can last a lifetime.

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