Canada Pension Plan reform stalls without Ottawa's support

[CHIMO]

Finance Minister Jim Flaherty insists economy too fragile for premium increases

Ontario is ready to go ahead with pension reform on its own after Ottawa blocked a consensus on Canada Pension Plan reform.

At a news conference following a meeting with his provincial counterparts in Meech Lake, Que., federal Finance Minister Jim Flaherty said now is not the time to move on the pension issue​. Flaherty said there was a "frank discussion" about CPP changes, but he believes the economy is too fragile.

Two hours later, Ontario Finance Minister Charles Sousa issued a press release saying the province would implement a made-in-Ontario solution to the pension conundrum.

"Given today's unfortunate stall tactic by the federal government, we will move forward to implement a made-in-Ontario alternative to protect Ontario workers in their retirement," Sousa said.

http://www.cbc.ca/news/business/canada-pension-plan-reform-stalls-without-ottawa-s-support-1.2465619

Dec 16, 2013 8:21 AM ET| Last Updated: Dec 16, 2013 6:24 PM ET


Simple solution. We don't have to wait for the feds to colapse the CPP as they have the Canada Post, we will simply take it out of their hands. And quickly.

http://en.wikipedia.org/wiki/Caisse_de_d%C3%A9p%C3%B4t_et_placement_du_Qu%C3%A9bec

[CanSocDem]

1. Oh oh...

Better not 'spend' that big back-pay cheque CPP has promised for this month; before it gets here, that is.


.

[riverbendviewgal]

2. raise CPP

those other things are just to make banks and bay street richer.