Close X
Monday, December 16, 2024
ADVT 
National

As Parties Feud Over Canada Pension Plan, One Constant: We're Not Saving Enough

Darpan News Desk The Canadian Press, 28 May, 2015 10:13 AM
    OTTAWA — Federal political parties may be quarrelling over how best to expand the Canada Pension Plan, but they seem to agree on one thing: Canadians should be saving more for retirement.
     
    The Harper government, long opposed to expanding the CPP, has suddenly decided to consider giving people the option to funnel more earnings into the program in order to grow their nest eggs.
     
    Employment Minister Pierre Poilievre says the Conservative government wants Canadians to save more for retirement.
     
    But opposition parties say a voluntary expansion of the plan doesn't go far enough to ensure people are in good financial shape when they retire.
     
    Liberal MP John McCallum, a former bank economist whose party is proposing a mandatory expansion of the CPP, says people aren't saving enough for their golden years.
     
    The New Democrats also support a compulsory add-on to the national pension plan.
     
    The debate over retirement savings is already shaping up to be a major ballot-box issue for the election campaign slated for this fall.

    MORE National ARTICLES

    Prentice Should Foot Bill For Calgary Byelection He's Causing: Taxpayers Group

    CALGARY — The Canadian Taxpayers Federation says outgoing Alberta premier Jim Prentice should reach into his own pocket to cover the cost of a byelection in his riding.

    Prentice Should Foot Bill For Calgary Byelection He's Causing: Taxpayers Group

    Tory MPs Continue To Share Tales Of Duffy's Star Power As Trial Set To Break

    Tory MPs Continue To Share Tales Of Duffy's Star Power As Trial Set To Break
    OTTAWA — On a summer Friday in 2009, Mike Duffy climbed into former Tory MP Dean Del Mastro's red muscle car and the two drove from Ottawa to Del Mastro's home riding of Peterborough, Ont.

    Tory MPs Continue To Share Tales Of Duffy's Star Power As Trial Set To Break

    Harper Takes The High Road On Alberta Election; Wants To Work With Notley

    Harper Takes The High Road On Alberta Election; Wants To Work With Notley
    OTTAWA — Prime Minister Stephen Harper says he is looking forward to working with incoming Alberta premier Rachel Notley.

    Harper Takes The High Road On Alberta Election; Wants To Work With Notley

    3 People Hurt In Surrey Gunfire As Residents Awake To Glass Breaking, Yelling

    3 People Hurt In Surrey Gunfire As Residents Awake To Glass Breaking, Yelling
    RCMP say a man in his mid-20s was found wounded near a house on 128 Street near 104 Avenue where the violence erupted at about 6 a.m., and that it appears to have been a targeted hit.

    3 People Hurt In Surrey Gunfire As Residents Awake To Glass Breaking, Yelling

    Husband Says Wife Held Hostage 2 Years At Penticton, B.C., Care Facility

    Husband Says Wife Held Hostage 2 Years At Penticton, B.C., Care Facility
    David Varcoe of Penticton, B.C., says his wife Nancy was put in "unlawful confinement" in a residential care facility for years despite her wishes to be discharged and sent home.

    Husband Says Wife Held Hostage 2 Years At Penticton, B.C., Care Facility

    Family Alleges Kamloops Seniors Village Covered Up Assault On Disabled 75-year-old

    Family Alleges  Kamloops Seniors Village Covered Up Assault On Disabled 75-year-old
    A document filed in B.C. Supreme Court says the 75-year-old man moved into Kamloops Seniors Village since last spring after a heart condition left him incapable of caring for himself.

    Family Alleges Kamloops Seniors Village Covered Up Assault On Disabled 75-year-old