The campaign to expand that Canada Pension Plan is gearing up. This June, Canada can take a step forward to providing retirement security for all workers.
Over the last couple years, Finance Minister Jim Flaherty has hemmed and hawed on improvements to retirement security. As the Globe and Mail reported: “Flaherty initially supported some form of CPP increase, but he surprised and upset some provinces in December, 2010, by reversing that support.”
The majority of provincial finance ministers agree it is time to expand the CPP, and are forcing the conversation forward. In June, finance ministers from across the country will be meeting and looking for consensus to improve the CPP one more time. We have a real opportunity to press for change.
This issue is critical. Every Canadian deserves to retire with dignity. But more and more Canadians are facing uncertainty when it comes to their retirement plans.
More than six in 10 Canadian workers are without a workplace pension plan. And most Canadians don’t have enough money to contribute to private savings schemes such as RRSPs. Less than one-quarter of Canadian taxpayers made an RRSP contribution last year.
Increasing retirement security for all Canadians should be a government priority. Expanding the Canada Pension Plan is the best way to do that in a way that helps all working people retire with dignity. And Canadians agree. Over 75 per cent of Canadians support expansion of the Canada pension plan.
Take action today
CUPE is part of a Canadian Labour Congress campaign to expand the CPP. We are calling for gradual phased in doubling of Canada Pension Plan benefits for all working Canadians. Under this plan, by gradually increasing CPP employee and employer contribution rates by about three per cent over seven years, Canadians will – over time – receive 50 per cent of their pensionable income in CPP benefits , rather than the current insufficient 25 per cent.
By writing your Finance Minister today, you can make a difference in this timely and important campaign. There is a real chance that together we can make life better for every Canadian senior for generations to come.
Please sign this petition today
P.S. Want to get more involved? We are rolling out a regional outreach campaign with opportunities for creative actions, meetings with provincial politicians and distributing material in work sites. Email Tria Donaldson to get involved with CPP organizing in your region.
P.P.S. Tell your mom and dad! Pass this petition on to family and friends who are nearing retirement, or just starting to think about whether they’ll ever be able to save enough to retire.