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Federal Government Continues Pension Reform Consultation

Posted on April 1, 2010 by Heenan Blaikie

The federal government has announced that it will continue consultations on pension reform through a series of town hall meetings across Canada.  The government has posed the following ten questions as the basis for its consultation:

  • What are the main issues and challenges that Canadians face in saving for retirement?
  • What is the appropriate role of governments in supporting Canadians to achieve adequate retirement income?
  • Does the retirement income system currently have the appropriate mix of public and private support?
  • Are changes needed to further strengthen Canada's retirement income system?
  • Should there be more mandatory retirement savings?
  • Should individuals be auto-enrolled in any new voluntary savings program?
  • Should increased savings, whether mandatory or voluntary, be locked-in for retirement purposes only?
  • Should there be more flexibility and choice with respect to private savings options?
  • How would the approaches described impact you personally and/or your business?
  • How should any changes to the retirement income system be financed?

Interested parties may also participate in the consultation process online or by sending written submissions by e-mail to ris-consultations-srr@fin.gc.ca.

For more information on pension reform in Canada, please see Heenan Blaikie's Pension Pulse "Three Pillars: Ten Questions--Federal Government Continues Consultations on Pension Reform".

Tags: Retiree Benefits
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