The Conservative federal government has proposed to push target benefit pension plans on federally-regulated workers that have defined benefit plans.
Many retirees have found out that the pension they earned over decades of contributions to plans turned out to be less secure than they had assumed.
It appears that a Canada-wide deal on CPP expansion is a bust, as Ottawa was the only objector and Ontario is now vowing to go it alone.
Lori Theresa Waller
A recap of the week's top labour stories. Public service workers call out killer cuts, federal budget lukewarm on job creation, pension plans overhauled, and more.
Millions of Canadians in the next decade are going to face the challenges and opportunities of retirement. Too few people think about those realities before they retire.
Harper has his majority and now he is free to wreak havoc on Canadian families.
Government attacks against worker rights and the social wage are threatening hard-earned gains and advances for workers in Canada on many fronts and in many incremental ways.
The fact that the Harper government is giving people at least 10 years to prepare for two years of life without an important source of income, hardly makes it OK.
In the Quebec budget, the government is still insisting on transforming public service funding with the user-fee revolution logic, developing the Plan Nord, and reforming the pension plan.
In Davos, Harpo shared his plans to cut the Old Age Security supplement to Canadian seniors. Only one problem: he never told Canadian seniors.