Yes, thank you, Mr. Speaker. I do not have the fine details with me, with respect to the changes under the CPP, but I can give my colleague a general comment on the discussions that took place over the last eight to ten months. There was an overall effort on the part of the Finance Minister to make sure that the CPP is funded appropriately, so we can continue with pensions for generations to come. I think it would be fair to say that, what we call the baby boomers, have put a tremendous strain on the Canada Pension Plan. There were a number of suggestions brought forward by the federal Minister as to how we could determine some fiscal stability to this long term plan. Suggestions such as: moving up the contributions, increasing the years of eligibility, reducing the company pensions that we have, and a variety of other measures that I do not have at my finger tips at this time. It is my understanding that the consensus has been reached by a number of provincial jurisdictions, and as my colleague pointed out, the federal Minister of Finance made an announcement on Thursday that he was going to proceed with those changes. I apologize, I am not able to provide as detailed a response as my colleague would like. I can provide him with a full briefing on that issue later on next week. Thank you.
John Todd on Question 337-13(4): Re-structuring The Canada Pension Plan
In the Legislative Assembly on February 19th, 1997. See this statement in context.
Return To Question 337-13(4): Re-structuring The Canada Pension Plan
Question 337-13(4): Re-structuring The Canada Pension Plan
Item 6: Oral Questions
February 18th, 1997
Page 694
John Todd Keewatin Central
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