December 7, 2011

Pension champions gather at convention forum

November 21, 2011

National Pension Committee Report

Hi everyone,

I hope everyone had a positive Convention in Vancouver and a good return to regular life.

I have a couple of things I wanted to update you all on, as we enter into this transition period between the 2009-2011 committee and the new one. I understand that we once again have clarification that all of you who were named to the 2009-2011 NACP will remain officially members until such time as the new Committee is announced – which may not be until the early months of 2012. So, we continue... (more...)

November 19, 2011

CUPE NATONAL CONVENTION PENSION FORUM - OCTOBER 29, 2011

April 6, 2011

National Advisory Committee on Pensions 2011 Report

October 15, 2010

Re: Canada Pension Plan Enhancements – Meeting of September 20, 2010

September 30, 2010

The Honorable Wes J. Sheridan
Provincial Treasurer
Minister of Finance and Municipal Affairs
Second Floor South, Shaw Building
P.O. Box 2000
Charlottetown, PE
C1N 7N8

Dear Minister Sheridan
Re: Canada Pension Plan Enhancements – Meeting of September 20, 2010

Thank you very much for the opportunity to meet with you and Nigel Burns, Manager, Economics, Statistics and Federal Fiscal Relations on Monday
September 20, 2010.

As you will recall, we discussed our suggestions for improving retirement security for Canadians by enhancing the Canada Pension Plan. We also discussed the concept of “Financial Literacy” and have already sent you submissions of the Canadian Union of Public Employees to the Federal Task Force chaired by Don Stewart.

The Canadian Union of Public Employees supports the following modest and specific enhancement to the Canada Pension Plan:

• Phased in implementation of a replacement rate of 50% of the average wage;

• A seven year phased-in gradual increase in mandatory employer/ employee contribution rates to the CPP to pay for this increased replacement rate.

Following our meeting, we believe that we have your support to advocate for our proposals with the Federal, Provincial and Territorial Ministers of Finance. We believe that you will use your best efforts to ensure that two-thirds of the Provinces representing two-thirds of the population of Canada will act NOW to enhance retirement security for Canadians.

You indicated that the CPP “certainly worked well” and the funds and investments were well managed by the CPP Investment Board. We also understood you to say “this is a Tommy Douglas moment” and “This is about making social policy for our children and grandchildren”.

You indicated you would support “meaningful” enhancements to the CPP and not merely “modest” enhancements. We agreed with you that the enhancements should be fully funded and phased in, as reflected in the position we put forward to you. We share your view that “the time to strike is right now”.

We look forward to hearing positive news from the next Federal/Provincial/Territorial meeting of the Ministers of Finance.

Sincerely,

Milo Murray
Provincial President
CUPE PEI

December 21, 2010

National Advisory Committee 2010 Pension Report

June 2010

Report to National Executive Board Dec 2009

June 2010

 Pension Points

• 1l million Canadians don’t have a workplace pension
• 30% CUPE members have no pension plan
• 1.6 million seniors qualify for GIS and therefore earn less than $1 1,300 per year
• OAS benefit $500 per month/ $6,000 per year
• Average CPP benefit $500 per month / $6,000 per year - Male $600 Female $400
• Average public sector pension- $23,400 per year
  

• Average CEO pension 930,000 per year!!!
• MINIMUN FEDERAL M.P. PENSION BENEFIT $2],000 AFTER 6 YEARS OF SERVICE, YES 6 YEARS
• HAVING JUST COMPLETED HIS FOURTH YEAR AS PRIME MINISTER, STEPHEN HARPER IS NOW ELIGIBLE TO COLLECT A SPECIAL RETIREMENT ALLOWANCE ONCE HE TURNS 65- ON TOP OF HIS MP’S PENSION. THIS WILL MEAN HARPER WILL EVENTUALLY COLLECT AN ANNUAL PENSION AND ALLOWANCE WORTH AT LEAST $178,000.
  

I guess this is why our Federal M.P .’ s keep telling us there is nothing wrong with Canada’s retirement system.

 June 2010

 Upcoming Canada Pension Plan Changes

June 2010

DON?T BET ON A SPRING ELECTION 

One out of five M.P’s in the House of Commons can boost their chances of receiving a lucrative pension by preventing a fall election and ensuring the current Parliament survives at least until July 20l0, reveals a survey by Can West News Service.

The survey examined the number of M.P.’s who were iirst elected in June 2004 and are less than a year away from having the six years of service required to qualify for a government pension that can kick in at age 55.

lt round that 74 MP’s with several years of experience could lind themselves without a pension, if they fail to hold onto their seats, and in the same boat as those elected for the list time in the 2008 election.

But if there is no election before summer 2010, 36 Conservatives, 16 Bloc Quebecois, 14 Liberals and eight New Democrats can qualify for a pension that would give them at least $27,000 a year based on the minimum M.P. salary that now stands at $157,731 per year.

So 1 think there are probably 74 reasons why there will not be a Federal election before summer 2010.

March 2010

National Advisory Committee on Pensions – March 2010 

Feb 22, 2010 

National Pesion Advisory Committee Report 2010 

June 2009

National Advisory Committee on Pensions Annual Report 

The National Pension Committee met in Ottawa in December 2008. Please read our report.