An improved Canada Pension Plan is the best way to guarantee the retirement security of Canadians, according to Ken Georgetti, president of the Canadian Labour Congress (CLC), and St. John's Mayor Dennis O'Keefe.
The two made a joint news release today.
"The labour movement is strongly advocating an enhanced CPP as the cornerstone of pension reform," Georgetti said. "We are delighted that Canada's mayors and city councillors agree with us."
The Federation of Canadian Municipalities called in its recent convention for an expansion of the CPP, a position similar to that of the CLC.
"The recent economic downturn has placed the retirement security of many workers at risk and that has a direct impact on our cities and towns," O'Keefe said. "We are the front-line providers of social services and support programs for older workers and retirees. We believe that an improved Canada pension plan is the best way to go in providing people with dignity and security in retirement."
Federal, provincial and territorial finance ministers will meet in Prince Edward Island June 13 and 14 to discuss pension reform. The CLC proposes a phased-in expansion of CPP benefits over time.
Meanwhile, CUPE Newfoundland and Labrador President Wayne Lucas says he will take the message about reforming the country's pension system directly to the province's MPs while in Ottawa this week.
"As part of the CLC's 'Retirement Security for Everyone' campaign, CUPE has been pushing for major reforms to our country's vastly outdated system," Lucas said. "Millions of Canadians are facing an uncertain future in retirement. Only one in five employed in the private sector have a workplace pension plan, and over 11 million Canadian workers have no workplace pension plan at all."