Posts Tagged ‘pensions’
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Saturday, June 18th, 2016
Historically, CPP benefits were set low on the assumption that most Canadians would have another pension plan through work. But… only two in five Canadian employees (and one in four private-sector employees) have a pension at work. Even for those who do, workplace pension coverage has been declining for years… As a result, millions of Canadians are on track to retire with more debt and low or significantly lower incomes… businesses, and local economies will bear the consequences.
Tags: economy, featured, ideology, participation, pensions, standard of living
Posted in Social Security Policy Context | No Comments »
Monday, June 13th, 2016
in 1976, 37 per cent of all seniors lived in poverty. Today, it’s about 7 per cent – much lower than the poverty rate for children or any other segment of the population. Canadian seniors are among the most affluent people in the world… There are two simple ways to cut down on the elderly bias in spending… means-test our entitlements … Adjust the “retirement age”
Tags: featured, ideology, pensions, standard of living, tax, youth
Posted in Equality Delivery System | No Comments »
Thursday, June 9th, 2016
Wage growth has been quite modest, but largely because earnings have been diverted; the share of employee compensation from employer social policy contributions (EI, pensions, health benefits etc.) has reached record highs (16.2 per cent of wages and salaries in the first quarter of 2016 – up from 9.5 per cent in 1981). Employees are, on balance, better protected now than ever before, but they themselves have borne the costs.
Tags: economy, ideology, jurisdiction, pensions, standard of living
Posted in Social Security Debates | No Comments »
Saturday, June 4th, 2016
That some four million Ontarians alone are suffering that social deficit prompted… an Ontario Retirement Pension Plan that would top up inadequate federal income supports. Millions of Canadians have not saved enough for retirement… millions of Canadians have been unable to save, lacking sufficient income to do so… the middle class hasn’t had a pay raise in three decades, adjusted for inflation. Another factor is “precarious employment.”
Tags: economy, featured, ideology, pensions, poverty, standard of living
Posted in Social Security Debates | No Comments »
Saturday, June 4th, 2016
… a last-ditch effort to revive CPP expansion is muddying the reform waters… Updating the CPP, whose maximum payout is a mere $13,110 annually, requires seven provinces with two-thirds of the population. Realistically, the only way to achieve reform is to stick with a “modest” CPP expansion that is minimalist, hewing to the lowest common denominator and taking the maximum amount of years to phase in… Ontario’s nightmare scenario is more talking, dithering and deferring by Ottawa and the other provinces.
Tags: economy, ideology, participation, pensions, poverty, standard of living
Posted in Social Security Debates | No Comments »
Wednesday, June 1st, 2016
… the minimum payments will be based on the current salary of a senior private, even if the disabled soldier left the military at a higher rank… this is being done in the interest of fairness. “To do otherwise… would mean that some veterans receiving the benefits could be making more than their comrades on active duty.” … the majors, the colonels, the generals and even the high-ranking non-commissioned officers – will not be affected by the rank reductions.
Tags: budget, Health, ideology, mental Health, pensions
Posted in Equality Debates | No Comments »
Tuesday, May 31st, 2016
… employers who currently make no contribution at all to employee retirement savings would have to pay more under an expanded CPP. Hence the fierce opposition of the Canadian Federation of Independent Business. But a modest, phased-in premium increase in the range of 3 per cent of payroll costs up to maximum CPP earnings would not be economically disruptive, as shown by past experience.
Tags: economy, featured, ideology, participation, pensions, standard of living
Posted in Debates | No Comments »
Wednesday, March 30th, 2016
March 2016 marked a significant turning point in the country. Social policy is back! It comprises, once again, a vital component of Canada’s DNA. We are particularly pleased with the announcement of the Canada Child Benefit… We do have a concern, however, regarding… the distributional impact of the middle class tax cut is problematic.
Tags: budget, child care, economy, featured, housing, ideology, Indigenous, pensions, tax
Posted in Governance Policy Context | No Comments »
Sunday, February 28th, 2016
The government of Ontario is planning to launch a pilot project to test out a guaranteed basic income. What that pilot project will look like, and what it will cost, is not yet known… Premier Kathleen Wynne said it would “work with communities, researchers and other stakeholders in 2016 to determine how best to design and implement a Basic Income pilot.” Finance Minister Charles Sousa said the province will decide whether to make a basic income permanent on the basis of that pilot project
Tags: budget, disabilities, featured, ideology, participation, pensions, poverty, standard of living
Posted in Social Security Debates | No Comments »
Wednesday, February 24th, 2016
Roughly half (47 per cent) of Canadian families aged 55 to 64 have no accrued employer pension benefits in Canada. The vast majority of these Canadians retiring without an employer pension plan have totally inadequate retirement savings… they rely almost totally on OAS/GIS and CPP… To keep the situation from getting even worse, the federal government must again recalibrate public supports in the face of falling employer pension coverage and inadequate savings.
Tags: economy, ideology, pensions, poverty, standard of living
Posted in Social Security Policy Context | No Comments »
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