Sunday, January 23, 2011

CLC files Access to Information request on pensions

CLC files Access to Information request on pensions

The Canadian Labour Congress has filed an Access to Information request to find out who lobbied the federal Finance Minister and his department against proposals that would enhance the Canada and Quebec Pension Plans.

Last summer Jim Flaherty said that improving the CPP was the best way to ensure the retirement security of Canadians but the minister has now changed his mind in favour of vastly inferior private sector plans. The financial services sector was lobbying hard prior to the finance ministers meeting in Kananaskis in December. 

The CLC filed two access requests in late December 2010, and they ask for both internal government and external lobbying materials related to the CPP and private sector Pooled Registered Pension Plans (PRPPs). High management fees charged by banks and insurance companies can reduce pension savings by more than 50 per cent. The CPP is a far better option

Watch the video..

Canadian Labour Congress
2841 Riverside Drive
Ottawa Ontario K1V8X7

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