Dec 11, 2013

By Michael Kramer

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CARP: ” A New Vision of Aging For Canadians ” is throwing it’s support behind the Ontario government’s efforts to beef up the Canada Pension Plan.

CARP’s Vice President of Advocacy, Susan Eng – and four Carp chapter chairs met with Ontario Premier Kathleen Wynne today at Queen’s Park and heard Wynne speak in glowing terms of Carp’s position saying: ” they’re not actually arguing for their own well being, they’re arguing on behalf of their children and grandchildren.”

The Harper government is against amending the CPP and says doing that will cost too much money and would kill jobs.

Susan Eng points out that the current maximum contribution to the CPP is nine percent and a modest increase wouldn’t kill jobs. She says the money that comes out of consumer spending is immediately re-invested by pension fund managers and the federal government is wrong to tell Canadians to spend their money instead of saving it.

Ontario’s Premier and CARP are putting some heat on the federal government ahead of the Monday December 16th meeting of the federal and provincial finance ministers.

Wynne and Carp strongly support a proposal from PEI Premier Wes Sheridan to strengthen the CPP. He calls for the plan to be nearly doubled.

If the provincial ministers agree in principal – details could be worked out as early as next summer.

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