Strengthen CPP now

The Canada Pension Plan (CPP) is a reliable, efficient and secure national savings plan.

The Canada Pension Plan (CPP) is a reliable, efficient and secure national savings plan.

It was created in the 1960s to supplement workplace pensions. While employers have been cutting pensions for decades, the CPP hasn’t kept up.

Today, one in four private sector workers have access to a good pension, but the CPP only pays an average of $600 a month. Expanding the CPP will help more people save for a secure future, and reduce the pressure on taxpayer-funded assistance programs and social services.

The number of seniors living in poverty is on the rise, and millions of Canadians are facing sharp declines in income, purchasing power and quality of life at retirement. This has profound impacts on families and communities all over the country.

I am here to tell our political leaders to strengthen the CPP now. Investing in an efficient, indexed and livable CPP is the best way to ensure a good quality of life for our seniors and a stable economic future for our country.

Seniors have been paying into it since age 16 and working all their lives to build our strong country and save for our retirement, trusting in the government to manage these programs.

If the government insists on keeping seniors poor, consider deleting pensioners with huge incomes from receiving public benefits.

Debbie Newbery

Tees

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