Retirement security is a growing, Canada-wide problem. Over 11 million Canadian workers are without workplace pension plans. Study after study shows that Canadian workers can’t afford to save enough for retirement. Unless things change, baby boomers and future generations are facing serious declines in living standards upon retirement.
All Canadians deserve to retire with dignity. A gradual and modest expansion of the Canada Pension Plan is the best way to ensure retirement security for Canadians.
We are at a critical moment in the campaign to increase CPP benefits. Polling shows that most Canadians support CPP expansion.
Please join us and tell Canada’s Finance Ministers to:
1) Support the Canadian Labour Congress’s proposal to double Canada Pension Plan (CPP) benefits to ensure a better minimum pension for all Canadians. The CPP replacement rate would double from 25 per cent to 50 per cent, which would push maximum payments to $24,000 per year and average payments to $12,600 per year.
2) Ask the federal government not to stand in the way of the provisions of the Canada Pension Plan legislation, which states that 2/3 of the provinces representing 2/3 of the Canadian population can approve amendments to the plan.
3) Refuse any delay or limits on when improvements will come into effect or who will have access to improved CPP.
Please refer to this link for more information.