The Office of the Superintendent of Financial Institutions (OSFI) released Actuarial Study No. 18: Canada Pension Plan Actuarial Adjustment Factors. This report found that the legislated contribution rate of 9.9% is sufficient to sustain the Canada Pension Plan financially over…
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The Government of Ontario has committed $100 million over three years for its new dementia strategy, a plan the province committed to developing in last year’s budget. The funding commitment was outlined in the government’s 2017/2018 spending plan, its first…
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UPDATE May 19, 2017: This private members’ motion is moving forward – read more. National Association of Federal Retirees’ President Jean-Guy Soulière met Member of Parliament and Chair of the Northern Ontario Liberal Caucus Marc Serré (Sudbury—Nickel Belt) on April 3, 2017…
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Janice Dickson The Liberal government’s latest budget, unveiled Wednesday, vows to set up new funds to address critical housing issues for vulnerable citizens (including seniors), to help veterans in need, to launch a pilot project for adult learners and to…
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Finance Minister Bill Morneau’s Advisory Council on Economic Growth published recommendations to boost Canada’s economy earlier this week, with advice ranging from boosting innovation, to improving skills training, to increasing labour force participation. The Council focused its labour force participation…
Read article Today, Federal Retirees submitted its budget brief to the government of Ontario, highlighting the urgent need to continue working toward better retirement security and a comprehensive plan for health care that meets seniors’ needs. In its 2016 budget, Ontario earmarked…
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At the end of each year, the Treasury Board provides the Association with information on the pension indexing increase that is effective on January 1st. The pension indexation rate effective January 1, 2017 is 1.3% Information on the calculation…
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Earlier this week, federal Liberal Finance Minister Bill Morneau introduced Bill C-27, which would amend the Pension Benefits Standards Act and make possible target benefit pension plans for federally-regulated and Crown corporation employers. (This would not affect federal public sector employees…
Read article Retirement income and health care security: good for retirees, good for Canada Usually, the federal government starts consultations for the coming year’s budget over the summer, and this year was no different. In June 2016, the House of Commons Standing…
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Federal Finance Minister Bill Morneau Federal Retirees believes yesterday’s agreement between federal and provincial finance ministers on moderate Canada Pension Plan expansion signals better retirement income security for many Canadians. “This is quite historic – the Canada Pension Plan is…
Read article For affected retirees, the changes should not affect pension disbursements. The changes will translate to a new contact to respond to pension-related questions. The administration of the Canadian Armed Forces (CAF) pension plans is moving from the Department of…
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The National Association of Federal Retirees is pleased yesterday’s federal budget includes key improvements for veterans and investments for seniors. “We have been fighting for these improvements for several years so we were quite pleased to see them included in…
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