Posts Tagged ‘pensions’
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Tuesday, November 19th, 2013
The Caledon Institute has proposed a ‘1.5 solution’ to CPP expansion that would increase the earnings replacement rate by 1.5 times from its current 25 percent to 37.5 percent of Yearly Maximum Pensionable Earnings. We also would raise the Year’s Maximum Pensionable Earnings by one-half, from $50,100 to $75,150 in 2013. This option would be of particular assistance to… those… unlikely to enjoy coverage of employer-provided pension plans.
Tags: economy, ideology, participation, pensions, standard of living
Posted in Social Security Policy Context | No Comments »
Tuesday, November 12th, 2013
… the future of social policy involves more than improvements to welfare alone… Three distinct components of income security reform would help… increasing the amount of Canada Child Tax Benefit to a maximum $5,400 per child… enhancing the value of the Working Income Tax Benefit that is paid to low-income workers and extending coverage to more of the working poor… creating a federally-delivered Basic Income for persons with severe and prolonged disabilities
Tags: budget, disabilities, featured, ideology, jurisdiction, pensions, poverty, standard of living, tax
Posted in Social Security Policy Context | No Comments »
Tuesday, November 12th, 2013
… the financial-services industry… charges among the highest management fees in the world, more than two per cent on average, which skims off 40 per cent of your savings over a lifetime. Why would the Fraser Institute continue to push this alternative? / All businesses… should embrace enhancements to the Canada Pension Plan. It’s not only good social policy, it’s good economic policy. That’s because businesses need consumers, and consumers need income. An enhanced CPP will provide just that.
Tags: economy, ideology, pensions, standard of living, tax
Posted in Social Security Debates | No Comments »
Sunday, November 10th, 2013
… any improvements will apply only to future service since an increase in existing benefits would not be fully funded for generations… The current CPP benefit is worth only 6% of pay but is costing us 9.9% into perpetuity because the previous generations did not pay enough… the CPP earnings ceiling, which tracks the national average wage, will be raised since the current ceiling of $51,100 is too low to capture much of the income of middle-income workers.
Tags: economy, ideology, pensions, standard of living
Posted in Social Security Debates | No Comments »
Sunday, November 10th, 2013
Between 1997 and 2003 CPP premiums were hiked 70 per cent while the country’s employment rate rose strongly and steadily except for a slight dip with the 2001 economic downturn. In contrast, the premium rate hikes associated with most current proposals for CPP expansion would be only about 30 per cent. And unlike the earlier premium hikes, which were not associated with any improvements to CPP benefits, the proposed reforms would deliver large benefit increases.
Tags: economy, ideology, pensions, standard of living
Posted in Social Security Debates | No Comments »
Friday, November 8th, 2013
… should global economic conditions falter, causing revenue growth to fall further, our priority is clear — this government will continue to protect investments in jobs and families ahead of short-term targets… Ontario has the lowest per-capita program spending in Canada… investing in our transit, roads, bridges, schools and hospitals improves our province’s competitiveness and enhances our quality of life… We cannot cut our way to prosperity. Nor can we tax our way to growth.
Tags: budget, economy, featured, ideology, pensions, standard of living, tax
Posted in Governance Policy Context | 7 Comments »
Friday, November 8th, 2013
… in the absence of pension policy change, nearly six million workers in Canada, particularly younger workers, will experience a significant decline in living standards when they retire. If we don’t solve the poverty problem for seniors with an enhanced, universal, cost-effective plan like CPP, seniors will be a much bigger draw on tax revenue in the future… including old age security, guaranteed income supplement, Pharmacare, medicare premiums, and social services.
Tags: budget, disabilities, economy, Health, pensions, poverty, standard of living, tax
Posted in Social Security Policy Context | 2 Comments »
Monday, November 4th, 2013
Two-thirds of working Canadians – 12 million people – don’t have workplace pensions / $400,000 – is the average amount Baby Boomers are short of their individual retirement savings goal / 300,000 seniors live in poverty right now / 36% of Canadians stated a lack of confidence in their ability to save for retirement in 2011… The CPP is not run by government and it’s not a tax. CPP is an earned pension purchased by premiums paid equally by employee and employer.
Tags: economy, ideology, pensions, standard of living
Posted in Social Security Debates | No Comments »
Thursday, October 24th, 2013
The Harper government has once again resorted to sneaking ideology-driven policy in through the back door by cramming the change into Bill C-4, a 321-page “omnibus” budget bill… Apart from union rights, the bill affects Supreme Court appointments, employment insurance, workplace safety, veterans affairs, conflict-of-interest, solicitor-client privileges, immigration policy and more. There is no way MPs can give this bulky tome the study it deserves.
Tags: budget, economy, ideology, Indigenous, pensions, rights
Posted in Governance Debates | No Comments »
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