Provinces rule out supplementary CPP

'Take-note' debate in House of Commons examines pension reform
|hrreporter.com|Last Updated: 12/22/2010

In the beginning round of talks on pension reform in the federal legislature, it appears there is little support for the idea of a supplemental Canada Pension Plan.

Only 10 per cent of private-sector pension plans fall under federal jurisdiction, with the remaining under provincial oversight and the provinces have unanimously ruled out a voluntary supplemental CPP, said Ted Menzies, parliamentary secretary to Finance Minister Jim Flaherty in a "take-note" debate in the House of Commons.

The debate on Nov. 23 examined Liberal MP Judy Sgro's private member's bill to establish a retirement income bill of rights.