Our belief is that this would accelerate that to significantly below the 9%. This, then, leaves the active group that's accruing that benefit with less of a benefit.
That's the concern we have.
On October 19th, 2022. See this statement in context.
On October 19th, 2022. See this statement in context.
October 19th, 2022 / 6:15 p.m.
Executive Vice-President, Ellement Consulting Group, Association of Canadian Pension Management
Our belief is that this would accelerate that to significantly below the 9%. This, then, leaves the active group that's accruing that benefit with less of a benefit.
That's the concern we have.
See context to find out what was said next.