Posts Tagged ‘pensions’

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Health-care unions call Ontario’s one-time $5K offer to nurses ‘demoralizing’

Tuesday, March 8th, 2022

The healthcare unions, which represent a combined 220,000 workers across Ontario, said in their letter that the shortage “requires urgent action to better respect, protect, and pay all healthcare workers.” They say that should begin with repealing Bill 124. That legislation was introduced in 2019, and capped annual salary increases for many public sector employees, including nurses, at an average of one per cent annually for three years. 

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Posted in Health Delivery System | No Comments »


Why Not 75 Years Old?

Tuesday, February 22nd, 2022

… since the creation of the RRSP in 1957, the age limit of 71 has never been raised… Given the sharp increase in life expectancy, the age limit of 71 years for converting an RRSP into a RRIF needs to be lifted… this type of change would optimize the mechanics of pension plans, and also encourage Canadians to remain in the workforce, which improves health and also helps with Canada’s looming labour shortage.

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How did Ontario’s disgraceful disability support program get so bad? 

Tuesday, February 22nd, 2022

The vast majority of Ontarians with a disability are not on the program. Of those who are, 57 per cent have either mental illnesses or developmental disabilities. Nevertheless, the PCs’ new “vision” for the disabled continues to push the optimistic goal of finding jobs for them… Instead, they are ignored by a provincial government that can afford to give wealthy people a break on their power rates, vacationers a tax break for renting a cottage, maybe even make licence plates free, a cheap political stunt that would cost $1 billion a year.

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Posted in Inclusion Debates | 1 Comment »


People with disabilities deserve a basic income

Monday, October 26th, 2020

It’s time to treat people with disabilities with respect instead of paternalism and to address the inadequacies of the current system. The proposed federal Disability Benefit is an opportunity to do better. Will it measure up to a basic income? Let’s hope so.

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Posted in Social Security Debates | 2 Comments »


Why our concept of retirement is outdated – and how artificial intelligence can help

Wednesday, August 19th, 2020

By 2030, the most dominant form of work is forecasted to be independent contracting – self-employed individuals who are contracted for specific projects or services – for both blue-collar and white-collar jobs… Rethinking retirement is… about empowering people with the choice to live life in a way that works for them.

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These unfair tax policies are putting a burden on women and seniors and need to be changed now

Friday, February 28th, 2020

Many of the policies are particularly harmful to older women because they hit those who are single/widowed and over the age of 65 — a group that contains a much higher percentage of women than men. As we head into a new decade, and in the spirit of eternal optimism, I am providing a list of four main offending policies in the hope that some political titans vow to fix them

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Posted in Equality Delivery System | No Comments »


It’s time to rethink the social contract for our rapidly changing world

Monday, February 17th, 2020

… lifetimes are getting longer but… households are saving ever less to cover their retirement years … in 2017, more than… 41 per cent did not save for retirement; 20 per cent did not save at all; and 12 per cent do not have a six-month savings buffer… the labour market is changing in a way that some are being left behind, income polarization is only growing and it appears that every generation feels they are being denied access to the economic party.

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Posted in Equality Policy Context | No Comments »


ODSP needs support, not criticism

Friday, January 3rd, 2020

Understood properly, ODSP is growing at the same rate as Ontario’s aging population… Given cuts to other disability benefit programs, the reality is that ODSP should be increasing in numbers and cost more than it has…. ODSP benefits have declined by approximately 1 per cent per year to inflation over the last 25 years.

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Posted in Social Security Policy Context | No Comments »


Canada needs more workers, and political supports for children and seniors can help

Sunday, September 22nd, 2019

In 2018, for every 100 people between 15 and 64 years old, there were 50 people younger or older than them, dependent on those working people for their work and their tax revenues to pay for social programs. By 2068, that ratio will rise to anywhere between 63 and 73… in order to maintain the income supports that we already have… The more people in the workforce, the easier that becomes.

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Posted in Social Security Debates | No Comments »


Canada’s largest companies could easily eliminate pension deficits, but choose shareholder payouts instead: Report

Sunday, September 1st, 2019

”Year after year, companies are bringing in excess income, and year after year they decide to pay that out to shareholders instead of settling their pension obligations” … Most of the 10 companies with the largest pension deficits pay out far more annually to shareholders than the value of a one-time payment to eliminate their pension liability.

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Posted in Equality Debates | No Comments »


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