Retirement Security

Retirement security continues to be a major issue for senior citizens in Canada. Liberals believe that government has a critical role to play in helping Canadians save for their retirement security. Through the creation and strengthening of the Canada Pension Plan, we have consistently worked to support Canadians who wish to retire in dignity and economic security.

There is more that must be done. Canadians aren’t saving enough for retirement, and three-quarters of Canadians in the private sector having no registered pension plan. With growing household debt, increasing financial burdens from school-aged children, and the cost of caring for our aging parents, saving for retirement has become even more of a challenge.

Liberals have put forward a credible plan to protect the pension savings of Canadians whose companies have gone bankrupt, and would establish a voluntary Supplementary Canada Pension Plan to help more Canadians use our trusted national pension plan to save for their retirement.

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One Response to “Retirement Security”

  1. connie Crockett 20. Aug, 2015 at 10:08 am #

    I am a semi- retired woman who wonders why seniors still pay so many taxes. Why can you not lower the tax rate for seniors or seniors with less income. The continuing cost increases are rising at a rate far greater than any increases in CPP or old age. Many individuals end up having great difficulty covering the costs and staying in their own home. Many older people are single and don’t have another person’s income to help. Even if you continue to work part time and have savings, it never seems to be enough as the dollars required to cover the growing costs only seem to accelerate every year and we are not making any interest on our money to assist with these expenses. I hope this will be a consideration for the Liberal Party.

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