Cdas finance ministers meeting in PEI to discuss pension reform.

Published on June 12, 2010; Published on June 30, 2010
The Canadian Press ~ The News

Topics :: Prince Edward Island , Ontario

Pension reform will be the dominant topic at a finance ministers meeting that begins today in Prince Edward Island.
The two-day meeting at a resort on PEI's north coast comes amid concern that a worriesome number of Canadians aren't saving enough for their retirement.
Federal Finance Minister Jim Flaherty is seeking support from the provinces for what he calls a "modest" and gradual increase in Canada Pension Plan payroll premiums.
He's also wants to make it easier for financial institutions to offer pension plans to self-employed Canadians and others not covered by corporate plans.
Ontario Finance Minister Dwight Duncan is thinking much along those lines.
And that is leading to speculation a federal provincial consensus may be in the works.

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