pension
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CPP reform could lift plan’s assets above $15 trillion by 2090
Small business advocates have warned CPP reform will drive up costs in what they have described as a “payroll tax.”
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UPDATE: Unifor takes over Northstar Aerospace to protest pension shortfalls
Owner Heligear Canada Acquisition blames poor management before it purchased the plant on 2012.
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Unifor halts production at Milton Northstar plant over pension shortfall
Plant is closing, union claims the company won’t cover a 24% deficit in the workers’ pension funding.
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Northstar Aerospace must safeguard pension plan, union says
Union says the company’s workers are being asked to swallow a 25% pension cut.
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NL reaches deal with pulp and paper company to secure pension
Province guaranteesCorner Brook Pulp and Paper with a bank loan, and in return takes security interest in company’s power assets.
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China, Canada face similar pension challenges: CEO of CPP
Each country will have only about 2-1/2 working-age people per retired person by 2046.
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CPP reform to sting economy, jobs over short term
But Finance Department says it will help beyond 2025.
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CPP Investment Board buys Ascot Underwriting for $1.1B
Part of a strategy to grow in specific sub-sectors in financial services.
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CPP enhancement deal delayed as BC asks for more time
Province wants more time to explain the deal to residents and stakeholders, such as business owners.
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CPP boost to cost taxpayers $250M annually
Supposed to offset financial burden placed on low-income earners.
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Ottawa, provinces quickly agree to Canada Pension Plan reform
Provinces asked to finalize the agreement by July 15; Manitoba and Quebec are out.
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Opposition ready to pounce as Ont. legislature resumes
ories say the Liberals will kill jobs and slow economic growth with their pension plan and cap-and-trade system.
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Pension systems still suffer financial crash damage: OECD
OECD report says countries adjusting; average retirement age will likely rise to 65.5 y 2060
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Wynne optimistic Trudeau Liberals will work with provinces
Ontario premier says she is confident the new federal government will enhance the Canada Pension Plan.
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Pension plans should prepare for low returns: C.D. Howe
The lower returns will be, in part, the result of the aging population that will weigh on the rate of growth in real income per capita.
