Debate over pension reform continues

Business says employers can’t risk guaranteeing pensions, unions push for more contributions to CPP by employers without pensions
By Danielle Harder
|Canadian HR Reporter|Last Updated: 04/04/2010

Like about 11 million other Canadian workers, Peter Hazlett does not have a formal workplace pension. Instead, the product manager at a small software firm in Richmond Hill, Ont., contributes to a group retirement savings plan his company matches dollar for dollar. He also has a separate family savings plan and has paid into the Canada Pension Plan (CPP) throughout his working life.

But he doesn’t see the pension issue as a “crisis,” as defined by both public sector unions and private sector lobby groups.

“I perceive it as my responsibility to put money aside, so I have something when I retire,” he said. “And I don’t necessarily expect somebody to pay for me to be retired.”