This Quebec Model Offers Better Pensions for Non-Profit Workers
By Edward Jackson; Featured in the Huffington Post June 16, 2015
The pre-election debate on improving the Canada Pension Plan is important and overdue. Despite the Harper government’s reluctance, there is a broad consensus that, as a national newspaper said recently, “raising mandatory CPP contribution rates and boosting future payouts are the most prudent, most effective and least costly fix.”
But that’s not enough. While necessary, even an expanded CPP will not be sufficient to fully support the retirement of workers who don’t also have well-funded workplace pension plans. This is especially true for employees of non-profits and charities — excluding hospitals, colleges and universities — who typically work for modest salaries and almost never have good pension plans and sometimes not even individual RRSPs. Read the full article here.