Posts Tagged ‘pensions’
« Older Entries | Newer Entries »
CPP benefits should be doubled: Study
Wednesday, July 6th, 2011
Jul. 6, 2011
If a new and mandatory national defined benefit [DB] pension plan proposed by retired Finance Department mandarin Keith Horner gets traction, CPP and QPP benefits would jump from 25% to 40% of earnings up to $48,300 and from zero to 25% on a bigger salary base of $96,600… The need is certainly there: Canadians haven’t saved enough to make up the difference… Unlike the current CPP, Mr. Horner’s plan would be fully funded, have tax-deductible contributions and reduce RRSP room for participants, as do registered pension plans…
Tags: pensions, poverty, standard of living
Posted in Social Security Debates | No Comments »
Imagining a world without pensions
Monday, July 4th, 2011
Jul 03 2011
According to Statistics Canada, six out of 10 Canadians have no formal pension plan. If rates of defined-benefit coverage continue to decline, we’ll have no discernible pension coverage in the next 10 to 20 years, and will be grappling with widespread senior poverty… rather than getting rid of pension plans, we need to strengthen and expand them. A pension plan that provides meaningful replacement income is our best line of defence against widespread senior poverty.
Tags: economy, pensions, standard of living
Posted in Social Security Debates | No Comments »
Pension plans: Why all the fuss?
Friday, June 24th, 2011
Jun. 24, 2011
… even if investments work out as hoped for, the new defined contribution pension plans being offered by Air Canada and Canada Post, for example, should not be expected to result in benefits as large as the defined benefit plans they want to close… So, the benefits being negotiated are important and real. Management will continue to try to pass the pension risks over to the workers by using defined contribution plans, and workers will try equally hard to retain their defined benefits.
Tags: economy, pensions, rights, standard of living
Posted in Debates | No Comments »
Good jobs aren’t in the plan
Sunday, June 19th, 2011
Jun 18 2011
The CEOs have decided. The value of young people is lower than the value of people from my generation. You don’t deserve the same salary, even if you are better educated. You don’t deserve the same vacation time or health benefits. And you certainly don’t deserve to have the same kind of secure retirement. It’s just not in the business plan.
Tags: economy, featured, ideology, pensions, standard of living
Posted in Debates | No Comments »
Great pension crisis becomes forgotten issue
Friday, May 27th, 2011
May 26 2011
It’s time for baby boomers to wake up… Approximately half of them — middle income earners in particular — will experience a substantial drop in their standard of living when they retire. What’s more, Wolfson says, none of the proposals floated since the 2008 recession would provide much relief. “Governments will have to look at more ambitious and novel reforms than the ones currently under consideration”… Middle-class baby boomers have the most to lose.
Tags: ideology, pensions, poverty, standard of living
Posted in Social Security Debates | No Comments »
Auditor-General fires parting shots on climate change, native policy
Wednesday, May 25th, 2011
May. 25, 2011
Ms. Fraser also noted that in the last decade her office has produced 31 audit reports on aboriginal issues, yet “too many first nations people still lack what most other Canadians take for granted.” She called the lack of improvement in living conditions “truly shocking.” “In a wealthy country like Canada, this is simply unacceptable.”
Tags: budget, economy, Health, Indigenous, pensions, standard of living
Posted in Equality Debates | No Comments »
Penalized for working? Disabled lose 50 cents on every dollar earned
Monday, May 23rd, 2011
May 23 2011
Earning rules and administrative practices are one of the reasons why those who rely on Ontario’s welfare system for the disabled are 11 times more likely to be unemployed than the average Ontarian, says a new report by advocates for the mentally ill… just 11 per cent on the Ontario Disability Support Program (ODSP) are working… The report, “What Stops Us From Working?” calls on Queen’s Park to allow those receiving ODSP to earn up to $300 a month with no clawbacks for one year and to be able to reconcile earnings annually rather than monthly.
Tags: budget, disabilities, ideology, participation, pensions, poverty
Posted in Social Security Delivery System | No Comments »
Majority government, majority social policy
Sunday, May 22nd, 2011
May 21, 2011
Tax relief usually is welcome when people actually have the financial resources in the first place (employment or investment income, private pensions, retirement savings and other assets) to keep more of their money in their pockets. For the many lowincome seniors, and nonseniors alike in Canada, additional tax relief is immaterial to improving their income security. The GIS increase announced in March means that most seniors who receive the maximum benefit are still living far below the poverty line.
Tags: budget, ideology, pensions, poverty
Posted in Social Security Debates | No Comments »
How to wipe out seniors’ poverty, no extra charge
Sunday, April 3rd, 2011
April 2, 2011
In 2007, the Harper government introduced income splitting of pensions… About three quarters (74 per cent) went to households making more than $60,000… less than a quarter of all seniors’ households had incomes above $60,000… If we took that money and targeted it to Canada’s 634,000 poorest seniors, they would each get $1,450 more a year. Enough to make a huge difference in their daily lives. Enough to get rid of poverty.
Tags: budget, ideology, pensions, standard of living, tax, women
Posted in Child & Family Policy Context | 1 Comment »
Federal Election: The real issues in this campaign
Saturday, March 26th, 2011
Mar 25 2011
What kind of investment in research and higher education do the parties propose to keep the country competitive for the next generation?… Canada is one of only a handful of developed nations without a national child-care plan… It’s high time to top up the Canada Pension Plan for the elderly poor and strengthen the CPP for younger workers coming up behind… Hospitals and extended care facilities operate in silos, with little communication or shared services. The result is inefficiency, duplicated services and frustrated patients. Where’s the federal leadership?
Tags: budget, child care, Health, pensions, standard of living
Posted in Governance Debates | No Comments »
Recent Comments