Cupe PEI - Pension Committee

* Canada's Retirement Income System New
* PEI Cabinet Meeting Photos New
* Cupe Members Say: Need Pension Reform
* Islanders first before the profitability of the private sector

Pension Committee

June 2010	Report to National Executive Board Dec 2009
Please read our report we submitted to the National Executive Board.

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
Please read about the upcoming CPP 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
Please read our report.

Feb 22, 2010	National Pesion Advisory Committee Report 2010
Please read our report.

June 2009	National Advisory Committee on Pensions Annual Report
The National Pension Committee met in Ottawa in December 2008. Please read our report.