IIAC Blog

July 14, 2015

Federal Government Consulting on a Voluntary Supplement to the CPP (IIAC Blog)

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Finance Minister Joe Oliver announced that the Government of Canada will consult with individuals, the financial sector, retirement income experts and other stakeholders on options for a voluntary supplement to the Canada Pension Plan (CPP). Discussion points for consultation include:

  • Whether a voluntary supplement to the CPP should be an option for Canadians to save for retirement. 
  • Possible design features that could facilitate voluntary participation.
  • The level of flexibility that should be permitted for participants. Key issues related to flexibility are the locking-in of contributions and establishing appropriate limits on contributions.
  • The level of portability.
  • The role, if any, employers might play.
  • How funds should be managed.

The IIAC will share it views on this important subject. I was interviewed on this topic by Catherine Murray on BNN’s Business Day. See the interview here.
 

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