Canada

Heenan Blaikie logo

Heenan Blaikie maintains Canada’s preeminent labour and employment law practice with over 120 lawyers in nine offices across the country providing responsive and impactful labour and employment law advise.

Heenan Blaikie represents a wide range of clients at the provincial, national and international levels. Our lawyers frequently chair and speak at conferences and are actively involved in employers’ organizations and with legal and human resource associations including the American Bar Association, the Society for Human Resource Management, and the Association of Corporate Counsel.

Heenan Blaikie maintains Canada’s largest and most sophisticated federal sector practice. Our lawyers are actively involved in all significant federal labour and employment law developments. Heenan Blaikie also maintains the first and best international labour law practice in Canada. Our lawyers regularly serve as delegates to the ILO and the Summit of Americas process and act as legal counsel to the official representative of Canadian employers on the international stage in respect of labour and employment matters.

Visit Website

Provincial Finance Ministers Release Report on Pension System

Posted on January 28, 2010 by Heenan Blaikie

The steering committee of provincial finance ministers has released its report (pdf) on the adequacy of retirement income and its proposals for improving pension plan coverage in Canada.

The committee found that the income of current retirees is fairly adequate.  The income of future retirees, however, is unlikely to be adequate due to declining pension plan coverage and inadequate personal retirement savings.  The report suggests two possible solutions.  The first solution is the implementation of a Canada Supplementary Pension Plan, a voluntary defined contribution plan for those employees not currently covered by an employer retirement plan.  The second solutions is to expand Canada Pension Plan and Quebec Pension Plan benefits by increasing employee and employer contributions. 

For more information on the steering committee's report, please see Heenan Blaikie's Pension Pulse " Canada's Pension Pillars in Need of Repair: Report of Provincial Finance Ministers" (pdf).
Trackbacks (0) Links to blogs that reference this article Trackback URL
http://www.globalemploymentlaw.com/mtc/mt-tb.cgi/738
Comments (0) Read through and enter the discussion with the form at the end