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pension plan

Here are tips for each decade of your life that will help you not only survive, but thrive, with your finances.
At a time when countries around the world are phasing out coal operations, the Investment Fund is holding billions of dollars in coal operations. Canada is far behind in meeting its carbon reduction obligations, and burning coal is the single greatest threat to our climate.
Take the Canadian Union of Postal Workers (CUPW), which recently reached a tentative agreement with Canada Post. Even though Canada Post faces a pension shortfall of $6.2 billion, all reports suggest that CUPW did not make any concessions on defined-benefit pensions.
But economists disagree.
Savour the moment: This is the first public pension reform in a generation and will go a long way to improving retirement security for today's workforce, 11 million of whom have no workplace pension plan to help them save. Younger voters, given credit for the Trudeau election win, might not have known it at the time but this is for them!
But a large minority worries the economy can't take it.
Fifty years ago we fixed the problem through vision and leadership by creating the CPP. Today we need to fortify the CPP to give future generations of Canadians confidence that they can live with dignity when their working life comes to an end. It's a proven and sensible approach.
There will be a lot on the line for Canadian workers and business owners. But it's not too late to put the brakes on a proposal that will destroy jobs, hold back wages and even push some businesses over the edge in years to come.
The Trudeau government's first budget offered hope but little change on increasing the CPP in our lifetime. After extolling the virtues of the Canada Pension Plan, we're told that the finance ministers talked about enhancing the CPP last December and set a goal of making a collective decision before the end of 2016.
In an attempt to increase transparency, Prime Minister Justin Trudeau has made "mandate letters" to his ministers publicly available. These letters are intended to clarify the focus of each minister's portfolio. When it comes to the mandate delineated for the minister of finance, the prime minister should seriously rethink some of the priorities.