Who gets to decide the price of a bus ticket?

Will pension funds own and operate the next generation of mass transit in Canada?

Like other large investment funds, pension funds in Canada and around the world have a lot of assets to put to work, and not enough attractive investment opportunities. This is intensifying pressure to get access to projects that historically have been the preserve of public sector.  It may also be driving pension funds to take on more risk. [Read more…]

Warning to Finance Ministers: leaving some workers out of an expanded CPP could boost precarious employment

Despite having had few good things to say about CPP expansion in the past, Business Council of Canada CEO John Manley and Chamber of Commerce CEO Perrin Beatty now grudgingly endorse a modest, targeted enhancement of the Canada Pension Plan.  But could a benefit enhancement targeted at modest income-earners lead to more temporary, part-time, and low-wage employment?

[Read more…]

Are better pensions coming to low-income workers in Ontario?

Will low-income workers get a chance to benefit from the Ontario Retirement Pension Plan, as intended? Or could Ontario employers find a way to string employees along on jobs paying less than $3,500 a year, thereby avoiding having to contribute to the ORPP on their behalf? The answer is likely not — at least not legally.

[Read more…]

Why Benefits for Low-Income Seniors Shouldn’t Stand in the Way of CPP Expansion

Dean Connor, President and CEO of Sun Life Financial, received $7.7 million in compensation in 2014, double his payout from 4 years earlier, and enough to place him 50th on the list of top-paid CEOs in Canada.

So it took a certain amount of chutzpa for Mr. Connor to tell the similarly well-heeled audience of the Economic Club of Canada, as he did in November last year, that the 60% of employed Canadians earning under $50,000 a year don’t need, and shouldn’t get, an improvement in Canada Pension Plan benefits. According to Mr. Connor, low and modest income earners need all the take-home pay they can get, and in any case, they’re already saving enough for retirement.

[Read more…]

Canadian Pension Plan Disability is Failing Many of the Most Vulnerable Canadians

It is a disgrace that many Canadians, with long-lasting and severe disabilities, have to wait for years to see if they can get CPPD benefits.

Working Canadians, even the self-employed, contribute to the Canadian Pension Plan (CPP) our national public pension plan. The Canada Pension Plan Disability (CPPD) is the largest long-term disability insurance program in Canada under the CPP.

For Canadians who contributed to the CPP during their working years, qualifying for CPPD is very difficult due to the requirements of “severe and prolonged disability” – an ongoing issue.  Canadians who paid into the CPP are entitled to benefits when they need it most. [Read more…]

Christmas tales from the CFIB

Can a myth be “technically true,” and still be a myth?  Can peer-reviewed academic research findings be dismissed as mythology, when no opposing evidence or argumentation is presented?  These, and other holiday head-scratchers, courtesy of the Canadian Federation of Independent Business’ “Myths versus Reality” on the Canada Pension Plan.

[Read more…]

%d bloggers like this: