CAW calls on government to reform CPP
Posted April 9, 2010 7:52 pm.
This article is more than 5 years old.
The head of the Canadian Auto Workers union has thrown his support behind a “no pain, no gain” proposal that would more than double Canadians’ retirement benefits.
In Port Elgin on Friday, Ken Lewenza said he supports the proposal by the Canadian Labour Congress to gradually increase the amount workers pay into the Canada Pension Plan by 58 percent over seven years.
Lewenza added that the global economic crisis proved Canadians cannot rely on private sector pension plans to carry them through their retirement years, and that it is Ottawa’s responsibility to guarantee a reasonable standard of living to all retirees.
Currently, the average Canadian receives a monthly retirement pension of just over $502 from the CPP.
