Eighty per cent of Canadians believe increasing Canada Pension Plan (CPP) benefits should be the federal government’s first priority for improving retirement security, according to a national poll released by the Canadian Union of Public Employees (CUPE).
And 81 per cent say CPP should be an important issue in the next federal election, found the survey of 1,001 Canadians.
“Most Canadians are against anymore stalling on improving CPP,” said Paul Moist, national president of CUPE. “Gradually increasing CPP premiums paid by workers and employers to increase benefits is clearly viewed as the best and most widely supported option to help Canadians save more for their retirement.”
More than 50 per cent of the respondents are against the decision to delay increasing CPP benefits in favour of private pooled pension plans and only 38 per cent support the move, found CUPE.
“The public has not been swayed by the Conservative’s risky and unproven alternative to CPP enhancements that will only benefit banks and mutual fund companies — not working Canadians,” said Moist. “They want a strengthened CPP with increased benefits and they want it now.”
Seventy-four per cent of respondents who identified themselves as Conservatives agree that increasing CPP benefits should be the federal government’s first priority for improving retirement security for Canadians. Conservative voters also say reform efforts are moving too slowly.
“The reality is 11 million Canadians are without any workplace pension plan and many cannot afford to contribute to a retirement savings plan,” said Moist.
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