PSAC welcomes the announcement of universal CPP expansion

MeganDavisPensions

The Public Service Alliance of Canada, member of the Canadian Labour Congress, is celebrating yesterday’s announcement by the Finance Ministers that they have agreed to a modest universal expansion of the CPP. The CLC and its member unions have supported an expanded CPP for more than 50 years and have been actively campaigning on this issue since 2009.

“Too many Canadians today are struggling in retirement and change is long overdue. Even though we had asked that the CPP be doubled, we appreciate that this will be the first increase in the plan’s history, and one that will benefit all Canadians,” said Canadian Labour Congress President Hassan Yussuff.

Please refer to the Canadian Labour Congress for the full statement.