More Conservative broken promises on pensions

OTTAWA – Conservatives have failed to honour their promise to work with the provinces over the summer to improve pensions and retirement security for Canadians.

“The Conservatives made a commitment to meet with the provincial finance ministers to discuss pensions this summer – but summer is over, the leaves are changing, and still we see no action from the finance minister,” said NDP Finance critic, Peggy Nash (Parkdale – High Park). “Unfortunately, the finance minister has been silent and it’s Canadians who will pay the price for Conservative inaction on strengthening CPP and QPP.”

Many experts are now advocating a phased increase in the Canada Pension Plan (CPP) and Quebec Pension Plan (QPP) as the most practical and effective way to help ensure the retirement security of Canadians. As the government’s own data shows, a modest increase in CPP premiums could finance a substantial increase in benefits.

“Canadians depend on the CPP and QPP for retirement security,” said NDP Pensions critic Murray Rankin (Victoria). “The government’s failure to show leadership and act on this important issue shows the Conservatives aren't making the retirement security of Canadians a priority.”