The latest version (2019) of the PSAC publication, “Retiring from the Public Service of Canada: Some Useful Tips” is now available.
The Liberal government is following the Conservatives’ lead by introducing legislation that will allow employers to reduce pension benefits.
Bill C-27, An Act to amend the Pension Benefits Standards Act, had its first reading in the House of Commons last week.
The media recently reported that the Northern Transportation Company Limited is having financial difficulties and is seeking protection from its creditors. This announcement came as a shock to employees, retirees and the union.
The Canadian Labour Congress (CLC) is appealing to the federal, provincial and territorial finance ministers meeting today in Ottawa to agree to an expansion of the Canada Pension Plan so that all workers are better able to afford retirement.
The Conservative government has just finished a consultation process about their proposal to change the federal Pension Benefits Standards Act to include target benefit pension plans. They’re enthusiastic about this type of pension plan which is a good reason to pay attention.