Pensions: Would you support a private pooled plan?
- December 16, 2010 1:38 PM |
- By POV
Minister of Finance Jim Flaherty speaks with reporters in the foyer of the House of Commons Thursday. Flaherty will sell the idea of a low-cost pooled pension to his provincial counterparts next week. (Adrian Wyld/Canadian Press)
By CBC News
The Conservative government is pitching a private pension plan for small businesses, employees and the self-employed to encourage more Canadians to save for retirement.
Finance Minister Jim Flaherty will try to sell the idea of a low-cost pooled pension to his provincial counterparts next week when they meet in Kananaskis, Alta.
The concept -- to be known as a pooled PRPP -- will help more Canadians plan financially for their future, Flaherty said at an Ottawa news conference Thursday.
The low-cost pension plans would be built on defined contributions and run by private-sector financial institutions. It would be available to any type of employee, as well as the self-employed.
Ottawa and the provinces have been in talks about changing Canada's retirement-income system for more than a year.
Read more.
Would you support a pooled private pension plan? Let us know why or why not in the comments below.
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