Don't Drag Out Process for Improving CPP, QPP, Says Congress of Union Retirees of Canada

OTTAWA, ONTARIO--(Marketwired - Dec. 23, 2015) - The Congress of Union Retirees of Canada and its half a million members deplore the reluctance of some provincial finance ministers to improve the Canada and Québec Pension plans so our children and grandchildren will be able to enjoy a secure retirement.

"Being well aware of how long it will be before improvements take effect, we would like to see real movement toward plan enhancement now," said CURC President Pat Kerwin. "While we will not benefit, and while many current and new retirees with no other pension will continue to rely on inadequate CPP, QPP and Old Age Security, we want the next generations to live in dignity when they retire. The CPP and QPP are the best, most cost-effective way to do this."

The discussions and consultations agreed to by the federal and provincial finance ministers last weekend must not become an excuse for foot-dragging on universal expansion of the CPP and QPP, Kerwin said.

"Wake up finance ministers and smell the coffee," he said. "You need to start today if our children are to see any benefit."