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The Canada Pension Plan is the best way to strengthen the retirement income of all Canadians, which is why Unifor is urging all members to sign an online Canadian Labour Congress petition calling for an expanded CPP.
“The Canada Pension Plan is well-run, provides stable retirement incomes for life and benefits are indexed to inflation,” said Jo-Ann Hannah, Unifor’s director of pensions and benefits.
The plan, however, was set up in the 1960s with the intention that it supplement workplace pension plans. Employers are abandoning their responsibility to provide pensions to their employees. More than 12 million Canadian workers have no workplace pension, and many more have an inadequate one.
Today, the retirement income of many Canadians is at serious risk.
The best way to address that challenge, Hannah said, is to improve the CPP (and the Quebec Pension Plan) so that all Canadians – with or without a workplace pension – can have a more secure pension in retirement.
To get more information and to sign the petition, go to: http://www.canadianlabour.ca/action-center/pension-fairness.
