Conservatives ignore widespread calls for action on retirement security

Despite widespread calls for action on retirement security, and growing concern amongst Canadians, Conservatives continue to mismanage one of the most pressing economic issues facing Canada today.

“Canadians and provincial governments understand the urgent need for action from the federal government to address the looming retirement security crisis,” said NDP Pensions critic Murray Rankin (Victoria). “While The Conservatives keep blocking progress to boost the CPP/QPP, Canadians are growing increasingly concerned about their retirement security.”

A new EKOS survey found that 69 per cent of Canadians believe the federal government should take a leading role to ensure Canadians can retire – either through savings programs or income supports. Fully half of Canadians surveyed said they were concerned they wouldn’t have enough money for their retirement. Unfortunately Conservatives have blocked all efforts to boost retirement savings and increase the Canada Pension Plan (CPP) and Quebec Pension Plan (QPP) benefits.

“While the Premiers meet to discuss this pending crisis, Conservatives are actually making matters worse by blocking increases to public pensions and eroding access to good quality company pensions,” said Rankin.