The Fraser Institute has argued recently that the federal government has failed to make a convincing case for Canada Pension Plan (CPP) expansion.
Amazingly, eight of ten provincial finance ministers and the federal government have agreed to a modest increase in the Canada Pension Plan (CPP).
In their recent “Report on Business” commentary, authors Charles Lammam and Stephen Kirchner of the Fraser Institute urge the Province of Ontario to adopt an Australian model of pension provision instead of expanding the Canada Pension Plan as proposed in the Ontario Retirement Pension Plan.
Pension reform continues to hold interest across the country, especially given the willingness of the federal Conservatives to at least talk about expanding the Canada Pension Plan (CPP).
The Conservative government has announced it would like to have a dialogue with Canadians about a potential expansion of the Canada Pension Plan (CPP). While this, in itself, is a purely political action — since it commits the government to nothing — it is worth looking at what the possible outcomes might be.
In a speech in Toronto last week, Kevin Sorensen, Minister of State for Finance, introduced details of a new “hybrid” pension plan proposed for all federal workers and other corporations under federal pension regulation. He referred to these proposed plans as Target Benefit Pension Plans.