Feds mislead on cost of CPP Expansion: ATIP docs show Finance overstated costs | CLC

| March 27, 2014


The Canadian Labour Congress has released a Communication Note today that states the Minister of State for Finance Kevin Sorenson and his department provided misleading information to journalists dealing with the expansion of the CPP.


The communication note states:

“€œThese claims could only be made by manipulating the facts,”? Georgetti says.

Finance ministers met in Ottawa in December 2013 to discuss > enhancements to the CPP/QPP. The Canadian Labour Congress has been > advocating since 2009 for CPP improvements which would guarantee > income security for Canadians when they retire. Prior to the December > meeting, a number of provinces, including Prince Edward Island and > Ontario, put forward a workable model providing for increases to > future CPP benefits. Those enhanced benefits would be paid for by > modest increases to the CPP premiums paid by workers and their > employers. These premium increases were to be phased in over a number > of years. > > The CLC says that on December 4 Sorensen published an article in the > Financial Post which claimed that CPP premium increases would > “€œkill€” between 17,000 and 50,000 jobs. The logic was that > employers, unhappy with the new premiums, would refuse to hire new > workers and would lay off some existing workers.

Get the full ATIP release here.

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