Why we need to think twice about adopting an Australian model of pension reform

Why we need to think twice about adopting an Australian model of pension reform

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.

Pros and cons of an expanded Canada Pension Plan

Pros and cons of an expanded Canada Pension Plan

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.

Government on right track with Target Benefit Pension Plans

Government on right track with Target Benefit Pension Plans

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.