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Finance committee That's correct.
April 13th, 2010Committee meeting
Patty Ducharme
Finance committee Are you asking if we've done a referendum with our membership with respect to what they pay?
April 13th, 2010Committee meeting
Patty Ducharme
Finance committee Well, members are very concerned about their pension in old age. Our members do collect CPP, but again, it's not a stacked plan; it's an integrated plan. From an organizational perspective, we look at the broader society, at all of Canada, as well as our members. We recognize tha
April 13th, 2010Committee meeting
Patty Ducharme
Finance committee Yes, they would. I should probably have shared with the committee that we have been talking to our members about improving public pensions--their pensions and the security of their pensions, the Canada Pension Plan--and incorporating the pillars that the labour movement has be
April 13th, 2010Committee meeting
Patty Ducharme
Finance committee I believe they do understand the cost to them.
April 13th, 2010Committee meeting
Patty Ducharme
Finance committee I don't know the percentage off the top of my head. The integrated amount I believe is 7%, and it's an integrated--
April 13th, 2010Committee meeting
Patty Ducharme
Finance committee It's 9.9%.
April 13th, 2010Committee meeting
Patty Ducharme
Finance committee It's the total, but it's integrated--the superannuation contribution and the benefit.
April 13th, 2010Committee meeting
Patty Ducharme
Finance committee We certainly see economies of scale and efficiencies from rolling them into a larger plan. If it ensures that workers continue to be able to draw their pensions, we would certainly support such a proposal.
April 13th, 2010Committee meeting
Patty Ducharme
Finance committee We have not been in a situation such as the Nortel workers to date. So we haven't been given any answers by the Government of Canada.
April 13th, 2010Committee meeting
Patty Ducharme
Finance committee The first was a doubling of the plan, and the second was...?
April 13th, 2010Committee meeting
Patty Ducharme
Finance committee I think a mandatory plan would meet the needs of Canadians. Quite frankly, I think when we leave it in the hands of people to make a decision—and we're looking at young families with kids, with mortgages, with student loans, with assorted debt—having a mandatory plan definitely p
April 13th, 2010Committee meeting
Patty Ducharme
Finance committee Further to that, only 33% of Canadians have public sector or private sector pension plans. If we're serious about dealing with the issue of poverty and old age, we have to ensure that more people have pension plans, that the pension plans are protected, and that corporations set
April 13th, 2010Committee meeting
Patty Ducharme
Finance committee No. I'm quite satisfied with the answers that have been given by the other witnesses.
April 13th, 2010Committee meeting
Patty Ducharme
Finance committee On that, we protect the bank deposits of Canadians by having insurance. So you have to ask yourself, why don't we do the same for pension entitlements for workers? Deposit insurance has not undermined business over the long term, so why would an insurance on pension entitlements
April 13th, 2010Committee meeting
Patty Ducharme