Nash releases plan to increase access to pensions and retirement security

Vancouver / February 3, 2022 – Peggy Nash, MP (Parkdale—High Park) and NDP leadership candidate, today released a plan to ensure better access to pensions and retirement security for more seniors.

“It is unacceptable that 11 million working Canadians are without a workplace pension,” said Nash, “And that number is steadily rising.”

In the wake of speculation about whether the Harper Conservatives will delay the OAS (Old Age Security) eligibility age from 65 to 67, Nash says her plan is about improving access rather than reducing it.

“Instead of creating additional uncertainly for Canadians about their ability to retire securely, we need urgent and achievable solutions to this widespread problem.”

In addition to upholding the NDP’s 2011 platform commitments to improve retirement security, Nash’s plan proposes to work with the provinces/territories to permit a transfer of the value of private pensions to the CPP/QPP in the event that an individual terminates employment and his/her company continues in operation or in cases where the company ceases to operate.

“More than ever before, Canada needs a stable retirement plan that will work for everyone. Canadians deserve no less,” said Nash.

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Strengthening Pensions and Retirement Security

“I worked closely with Peggy Nash for many years, and saw her at work first-hand dealing with some of the largest, most powerful corporations in the world. She was always motivated by her determination to win a better deal for their workers, and for all Canadians.”

Jim Stanford

Economist and author
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