WINNIPEG Changes to the Pension Benefits Act could be much more forward looking according to the Canadian Union of Public Employees (CUPE) which made a presentation to the Pension Commission today.
The Manitoba Pension Commission is considering revisions to the Act.
Paul Moist, President of CUPE Manitoba and Brian Ellis, CUPE National Representative spoke to the Commission. “A review of the Act is long overdue,” said Moist.
“However, we don’t think the government should make any changes to the Act that reduces benefits for Manitoba pension plan holders. It seems some benefit reductions are being considered to harmonize plan benefits with other provinces that have lower standards,” he told the Commissioners.
On the other hand, “the Government and the Commission have an opportunity now to not only make revisions that benefit Manitoba workers, but which will contribute to a dynamic economy in the future,” he said.
With so many people retiring, pension plans are going to be a major economic feature in the future. CUPE believes the Act could be adjusted to make pension plans more secure for plan holders and more instrumental in maintaining the province’s future economy.
The Canadian Union of Public Employees is Canada’s largest union representing more than a half-million women and men. In Manitoba, CUPE represents 24,000 members working in health care facilities, school divisions, municipal services, social services, childcare centres, public utilities, libraries and family emergency services.
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For information, contact:
Paul Moist, President CUPE Manitoba - Phone: 981-2873
Brian Ellis, National Representative - Phone: 942-0343, x. 226
Dennis Lewycky, Research/Communications Rep. - Phone: 942-0343, x. 298
The Manitoba Pension Commission is considering revisions to the Act.
Paul Moist, President of CUPE Manitoba and Brian Ellis, CUPE National Representative spoke to the Commission. “A review of the Act is long overdue,” said Moist.
“However, we don’t think the government should make any changes to the Act that reduces benefits for Manitoba pension plan holders. It seems some benefit reductions are being considered to harmonize plan benefits with other provinces that have lower standards,” he told the Commissioners.
On the other hand, “the Government and the Commission have an opportunity now to not only make revisions that benefit Manitoba workers, but which will contribute to a dynamic economy in the future,” he said.
With so many people retiring, pension plans are going to be a major economic feature in the future. CUPE believes the Act could be adjusted to make pension plans more secure for plan holders and more instrumental in maintaining the province’s future economy.
The Canadian Union of Public Employees is Canada’s largest union representing more than a half-million women and men. In Manitoba, CUPE represents 24,000 members working in health care facilities, school divisions, municipal services, social services, childcare centres, public utilities, libraries and family emergency services.
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For information, contact:
Paul Moist, President CUPE Manitoba - Phone: 981-2873
Brian Ellis, National Representative - Phone: 942-0343, x. 226
Dennis Lewycky, Research/Communications Rep. - Phone: 942-0343, x. 298