We can all have federal workers’ ‘gold-plated’ pensions – just expand the CPP

We can all have federal workers’ ‘gold-plated’ pensions – just expand the CPP

stockstudioX Claude Lavoie was director-general of economic studies and policy analysis at the Department of Finance from 2008 to 2023. He has represented Canada at OECD meetings and has received many honours, including the Queen’s Diamond Jubilee Medal.

Many people rage at (and envy) the “gold-plated” retirement plan for federal employees. Common complaints are that it’s unfair and overly generous in comparison with their own plans. But perhaps they should be asking why their plans are not as generous as the public sector’s.

It’s possible for all Canadians to have a secure, generous, indexed, defined-benefit pension like that of government […]

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