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October 27, 2017 9:58 pm

Province Seeks Your Input on Changes to CPP

Friday, July 15, 2016 @ 9:25 AM


Prince George, B.C.-  While the  Ministers of Finance from across Canada have agreed in principle to the proposed changes to the Canada Pension Plan,  the Province of BC wants  your thoughts on the changes before  it officially signs on the dotted line.

The phased in  boost to the Canada  Pension Plan would start  in 2019  and  have annual  increases over seven years.

There are two key  parts to the  changes:

  1. The income replacement rate will be increased from one-quarter to one-third of insured eligible earnings. This means workers who retire after contributing to the enhanced system will see their monthly CPP benefits increased.
  2. The upper insured earnings limit will be increased to $82,700 in two steps in 2024 and 2025, an increase of about 14% from its projected level in 2023. For workers earning above the current maximum, this means that more of their income will be covered by CPP and they will receive increased CPP benefits when they retire.

The Province of BC has set up a special website to gather  input on the changes,  and welcomes  your  feedback.

The Province says “all emails will be read and reviewed; the feedback received will be presented to the Minister of Finance for consideration as he works with Canada’s Finance ministers on a modest, gradual enhancement to the Canada Pension Plan.”

Feedback can be sent to citizenengagement@gov.bc.ca



Yeah right, since when will a politician listen to anything a regular working stiff has to say.

Change full pension qualification age to 55…. lol I’m ready… lol

What, no mention about how this is nothing more than a way to prop up underfunded Public Sector defined benefits pension plans?

How about we get what the politicians get for pension ? I would like a fully indexed defined benefit plan that they get. If it is good for them, it is good for the rest of us.

    you forgot their full medical and dental plans

    Talk to your boss. They get a pension from their employer.

It would be nice if the politician’s pensions could be scaled back to something similar to what working stiffs get.
They already get a lot of perks, some stated above, let alone a lot of contacts with contracts, that will happily pay them handsomely after they get out of politics just because they know their way around the whole political scene to make them even more money. Meanwhile, the people who actually do the work, are at their mercy.

I wouldn’t mind if they made improvements to dental and prescription end of things.

Save your money Boys and Girls, it’s the best way to a comfortable retirement.

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