Canada is facing an undeniable pension crisis.
Over 11 million Canadian workers are without workplace pension plans. Unless things change now, Canadians will have to work longer for less and face poverty when they retire.
Canada Pension Plan benefits currently provide retirees with a maximum of just under $1,100 per month - though the average retiree receives around $550 per month. This is not enough.
A universal expansion of the Canada Pension Plan is the best way to ensure retirement security for Canadians. With a modest increase to the contributions made by employers and workers, phased in gradually over several years, CPP benefits could be doubled, ensuring as many Canadians as possible can retire with dignity.
We are at a critical moment in the campaign to increase CPP benefits. Despite growing consensus on the need to expand the CPP, efforts have stalled.
Please join us and tell Canada’s Finance Ministers (federal, provincial and territorial) to stop the stalling, and expand the CPP NOW.