Posts Tagged ‘pensions’

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A Basic Income For Ontario? Province Plans Pilot Project As Part Of Budget

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

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Ahead of Trudeau’s Budget, a Glimpse of Seniors’ Poorer Future

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.

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Fix for Ontario’s disability program is long overdue

Monday, February 22nd, 2016

… doctors won’t have to fill out 21-page application forms again every time a recipient’s case comes up for a simple review. Nor will they have to re-do everything from psychological assessments to x-rays to back it up. That should provide savings in both medical tests and doctors’ time. It should also provide savings in legal aid, since so many applicants currently need help on the complicated review documents and appeals.

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Court victory for Ontario couple sets new precedent for precarious workers

Monday, February 22nd, 2016

The pair went on to spend three decades working together for a Toronto-area furniture company renovating kitchens. When the business closed in 2009, the Keenans were abruptly let go, with no notice or severance. The reason: their company had classified them as “independent contractors,” a category with no protection under Ontario’s employment laws.

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Canadians should call this pension plan scheme what it is — a shell game, not a savings plan

Thursday, February 18th, 2016

… expanding the CPP and creating the ORPP will actually only worsen the “under-savings” problem for the bulk of the middle class… at precisely the time they need their income for expenses such as children, mortgages and, yes, savings. Increasing mandatory CPP contributions and imposing ORPP contributions will decrease their ability to fund all of these costs. Unless they adjust their lifestyle in consequence…

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OCUFA releases first-ever public opinion poll on precarious academic work

Thursday, February 11th, 2016

… 94 per cent of Ontarians think universities should be model employers and support good jobs in their communities. 88 per cent want part-time professors to be converted into full-time positions. 85 per cent want part-time professors to receive fair pay and 84 per cent believe part-time professors should have the same access to benefits as their full-time colleagues. 64 per cent of Ontarians want to be taught by, or have their child taught by, a full-time professor with job security and benefits…

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The world according to business

Wednesday, February 10th, 2016

… the Fraser Institute pointed out that the CPP, despite the size of its asset base, was not cheaper to administer (in a ratio between assets and costs) than other public sector pension funds. The finding, essentially? That CPP should not be expanded and an Ontario Pension Plan should not be launched (thereby saving business owners money). What the study didn’t point out, is that an ever-growing number of Canadians will have none of those better-performing pension funds to fall back on. CPP may be their only option — but don’t expand it, for God’s sake.

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Sanders at fulcrum of debate on progressives

Friday, February 5th, 2016

For most of the 20th century, left politics centred on economic justice… By the 1980s, it was clear that the right, the capitalist side, was going to “win.” Their world view would become the world’s. Many on the left made a strategic shift, from an economic focus to other issues: race, gender, human rights, identity politics… [But] if you awake each morning with a sick feeling because you’ve lost or might lose your job, your wage is declining, you have to cut back and back… it only works so far.

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Why our outdated pension plans need a fix now

Tuesday, January 26th, 2016

Ontario is now going its own way… the biggest new social program in a generation: 4 million working members and $6 billion in annual contributions will make the pension an economic powerhouse once it peaks… Despite the shrill anti-pension rhetoric, recent polling shows that 70 per cent of Ontarians strongly support the ORPP’s goals… Given that two-thirds of Ontarians lack a workplace pension, and CPP payouts average a skimpy $6,900 a year, broad public support for reform is hardly surprising.

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Why Canadian medicare badly lags most countries

Tuesday, January 19th, 2016

… pharmacare had been an election perennial — promised in policy platforms released by the Liberals and Tories — but it didn’t even make the cut in the campaign of 2015. Our politicians talked about the right to assisted dying and debated access to marijuana (medical or otherwise). But they avoided any mention of the inalienable right to life-saving drugs for every Canadian, rich or poor, employed or jobless, pensioner or precarious worker.

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