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Big city mayors want expanded CPP and pension insurance; Council to reduce poverty through education, training; RBC, University launch retirement research centre; RBC, University launch retirement research centre
|Canadian HR Reporter|Last Updated: 06/15/2010

Big city mayors want expanded CPP and pension insurance

Toronto — A group of 22 mayors from Canada’s biggest cities are calling for an expansion of the Canada Pension Plan, a federal system of pension insurance and a national summit on pension issues. The Big City Mayors Caucus’ resolution on pension reform notes only one in four private sector workers are covered by an employer pension plan. It also notes the CPP and Guaranteed Income Supplement (GIS) fall short of replacing the 50 to 70 per cent of pre-retirement income needed to maintain a pre-retirement standard of living. To address that issue, the resolution suggests the GIS be increased by 15 per cent.

Council to reduce poverty through education, training