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.