Expand the Canada Pension Plan replacement rate to 50 per cent of earnings. Cap annual contributions to registered retirement savings plans at $22,000. Establish a public agency to administer terminated pension plans. Create a single-payer pharmacare plan for all of Canada.
These are just a few of the suggestions put forth by the Canadian Centre for Policy Alternatives’ 2018 alternative federal budget.
The expanded CPP replacement rate would be up to 114 per cent of yearly maximum pensionable earnings, according to the alternative budget. It also recommends indexing old-age security benefits to the growth of the average industrial wage; increasing the […]
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