Gathering Currents
There is a movement out there to strengthen our retirement allowance by increasing the CPP benefits per person. Here is a message from the Canadian Labour Congress on increasing our CPP pension.
Increase our CPP benefits. The CLC is proposing that over the next several years we lay
the foundation to double Canada Pension Plan (CPP) benefits for the future. The CPP has
been proven time and again to be a safe, secure and efficient retirement savings plan. Plus,
the CPP is portable from job to job, across provinces, keeps up with inflation and is backedup
by the government.
The cost to workers and employers is small. Over seven years, CPP premiums would
slowly rise by 0.4% each year of pensionable earnings
Boost the Guaranteed Income Supplement (GIS). We also propose a 15% increase to the
Guaranteed Income Supplement of the Old Age Security pension to lift all seniors out of
poverty immediately. The costs are minimal: Because of the good work already accomplished
through OAS/GIS, closing the poverty gap for seniors is not expensive. It is possible to do so
immediately through a modest $1.2 billion increase to GIS benefits. This is less than 3% of
what is currently spent on tax subsidies for RRSPs, which amount to $18 billion each year.
Introduce federal pension Insurance. Canadians need an insurance system to protect their
pensions. This requires leadership at the federal level that can be joined by willing partners at
the provincial level. We are already required to have insurance for our houses, our bank
deposit accounts, our vehicles, and our jobs (EI, WCB). A similar priority has to be placed on
our pensions, one of the most important assets a worker owns.
Increase our CPP benefits. The CLC is proposing that over the next several years we lay the foundation to double Canada Pension Plan (CPP) benefits for the future. The CPP has been proven time and again to be a safe, secure and efficient retirement savings plan. Plus, the CPP is portable from job to job, across provinces, keeps up with inflation and is backedup by the government.
The cost to workers and employers is small. Over seven years, CPP premiums would slowly rise by 0.4% each year of pensionable earnings Boost the Guaranteed Income Supplement (GIS). We also propose a 15% increase to the Guaranteed Income Supplement of the Old Age Security pension to lift all seniors out of poverty immediately. The costs are minimal: Because of the good work already accomplished through OAS/GIS, closing the poverty gap for seniors is not expensive. It is possible to do so immediately through a modest $1.2 billion increase to GIS benefits. This is less than 3% of what is currently spent on tax subsidies for RRSPs, which amount to $18 billion each year.
Introduce federal pension Insurance. Canadians need an insurance system to protect their pensions. This requires leadership at the federal level that can be joined by willing partners at the provincial level. We are already required to have insurance for our houses, our bank deposit accounts, our vehicles, and our jobs (EI, WCB). A similar priority has to be placed on our pensions, one of the most important assets a worker owns.
We have merchandise for sale! From time to time we get some product promotion that we want to pass on to our membership. We will only charge a handling fee for the items. so you would get them for close to cost. See below for a current list of items, subject to availability.
- Golf Shirts ($45.00)
- Baseball Caps ($17.00)
- Snowmobile Gloves ($30.00)
- Hunting Knife ($50.00)
- Carving Set ($60.00)