Posts Tagged ‘pensions’

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An NDP budget Andrea Horwath can be proud of

Friday, May 3rd, 2013

The Take-Aways From Labour aren’t matched by give-backs from the corporate sector. Corporate taxes will remain lower than anywhere in the U.S., while government subsidies to private firms remain virtually untouched… On Pension Reform… Sousa has acquiesced to pressure from Ottawa and Bay St. (which salivates over lucrative fees), announcing… that he will no longer stand in the way of these pointless Pooled Retirement Pension Plans. Sousa’s surprising concession suggests Ontario is giving up the good fight.

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Posted in Governance Debates | No Comments »


Welfare reform plan scares Ontarians with disabilities

Saturday, March 16th, 2013

Mar 15 2013
Under the new system, there would be no distinction between disability support recipients and general welfare recipients… Nor would there be a special diet allowance. Individuals with “wasting diseases” (those causing loss of body mass) such as HIV/AIDS and Huntington disease, could apply to the Ministry of Health for nutritional supplements.

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Attack on Ontario teachers is part of a trend

Saturday, March 16th, 2013

Mar 15 2013
At its heart, this fight is about work. It is about the implicit deal struck between governments, employers and employees more than 50 years ago to make the workplace a fairer place. It is about the unravelling of that deal. Bill 115 gave cabinet alone the right to set wages and working conditions for teachers — without letting bargaining run its course, without neutral arbitration.

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Pensions hit the perfect storm

Saturday, March 2nd, 2013

Mar. 02 2013
CPP rates eventually are going to rise.. Or, governments could acknowledge that seniors’ needs for drugs are almost universal, and so add drugs for seniors to the CPP, paid for by higher contributions, an initiative that would meet a genuine social need and extend the spirit of medicare in a financially responsible fashion.

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Canadians close their eyes to the staggering cost of elder care

Wednesday, February 27th, 2013

Feb 27 2013
… we have to retool the programs we’ve put in place. We’re living longer, but we haven’t adjusted our hospital insurance or pension plans… a framework like the Canada Pension Plan into which workers and employers would contribute. Ottawa would administer it and the provinces would ensure that home care and long-term care were there for Canadians as they aged.

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Workers with unstable jobs left behind by outdated social programs

Wednesday, February 27th, 2013

Feb 26 2013
… a new study showing that nearly half of working adults in the GTA have unstable employment without benefits or pensions is an eye-opener. It’s a surprise to see just how many are now affected by so-called “precarious” employment.. the study does bring into focus some very real issues with social assistance programs that could ease the lives of many affected by insecure jobs.

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Build on Canada Pension Plan to bolster retirement savings

Friday, February 22nd, 2013

Feb 21 2013
Unlike other investments, a CPP-linked mechanism would be easy to understand and simple to participate in. It would encourage savings over a decades-long horizon. It would lock in contributions until retirement. It would https://spon.ca/benefit from scale, good management and a low cost structure. And it would deliver a predictable income on retirement. In short, it’s a safe, secure option.

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Posted in Social Security Policy Context | 1 Comment »


As the fiscal chill thaws: social policy ideas for the medium term

Wednesday, January 30th, 2013

Jan. 30, 2013
This commentary argues that we need to begin now to develop well thought-out ideas for social policy reform. It sets out 12 areas for future social investments by the federal government, including increases to the Canada Child Tax Benefit and enhancements to the adequacy and coverage of the Working Income Tax Benefit.

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Beyond expanding the CPP, the challenge of population aging presents an opportunity to reform it

Wednesday, December 19th, 2012

Dec 17, 2012
Suppose an additional levy were tacked onto CPP premiums. Only instead of going into the regular CPP pot, the funds would accumulate in the contributor’s own personal fund — like an RRSP, only compulsory. To avoid wasting money on management fees, funds would be invested strictly passively (ie buying the indexes), with the particular asset mix varying as the investor aged: more stocks when younger, more bonds when older.

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A proposal to strengthen the Canada Pension Plan: the 1.5 option

Tuesday, December 18th, 2012

December 2012
Expanding the Canada Pension Plan is back on the table. The federal and provincial finance ministers have been exploring several proposals for expanding the CPP in a paper prepared by their officials… The Achilles heel of Canada’s retirement income system is that private pension and savings plans never grew sufficiently to properly serve the earnings replacement objective for many Canadians.

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Posted in Equality Debates | No Comments »


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