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Finance committee Yes.
March 16th, 2010Committee meeting
Ken Georgetti
Finance committee Yes.
March 16th, 2010Committee meeting
Ken Georgetti
Finance committee No, not just defined plans, all pension plans.
March 16th, 2010Committee meeting
Ken Georgetti
Finance committee Within the mandate of the Canada Pension Plan now is the idea that you basically take out what you've put in. What we're saying is to keep that going but to raise the amount from 25% of the YMPE to 50%. You can double the benefit by raising the contribution by 40%. So for a 40% i
March 16th, 2010Committee meeting
Ken Georgetti
Finance committee The one thing I wanted to say, sir, is that the minister said in his report that there's no poverty among seniors in this country.
March 16th, 2010Committee meeting
Ken Georgetti
Finance committee Yes, he did, and I'd like to ask him where that 1.6 million seniors come in.
March 16th, 2010Committee meeting
Ken Georgetti
Finance committee I will, certainly.
March 16th, 2010Committee meeting
Ken Georgetti
Finance committee The seven years would be the phase-in of the contributions, not the benefit. The benefit would be accrued, as any benefit of Canada Pension, on the amount of contributions you make for the amount of time you make them only.
March 16th, 2010Committee meeting
Ken Georgetti
Finance committee Yes.
March 16th, 2010Committee meeting
Ken Georgetti
Finance committee Thank you very much. I have with me Dr. Joel Harden, our expert on this issue. We were of the view that this hearing was about federally regulated pension plans, but I sure appreciate the comments I've heard so far. I want to talk first of all about federally regulated plans. T
March 16th, 2010Committee meeting
Ken Georgetti
Finance committee I think anything that helps to stimulate the economy.... And there's no doubt anecdotally that a lot of people are accessing it and conducting home renovations. I'm sure the program is an incentive. We've encouraged and endorsed it as a good incentive to help offset the job losse
November 3rd, 2009Committee meeting
Ken Georgetti
Finance committee I think the question is a fair one. We think the expansion should be compulsory. I might add that the cost of that expansion is less than the fees charged for a private RRSP, by the way. We think it should be a defined benefit program, but we also argue in our presentations that
November 3rd, 2009Committee meeting
Ken Georgetti
Finance committee Thank you, Chair. On behalf of the 3.2 million members of our Canadian Labour Congress, we want to thank you for affording us the opportunity to present our views. The Canadian Labour Congress brings together Canada's national and international unions, along with provincial an
November 3rd, 2009Committee meeting
Ken Georgetti
Human Resources committee I want to just step in and make one point. The benefit level in 1990 was higher. In the 1990 recession, it was higher than it is today. So this system today is worse than it was in the recession in 1990.
October 8th, 2009Committee meeting
Ken Georgetti
Human Resources committee While we appreciate and share their concerns about the shortcomings of this bill, we've impressed upon them, and we continue to impress upon them, that we need to get this bill passed, because it will help a great number of people. But we ask them, as we ask you, to not stop work
October 8th, 2009Committee meeting
Ken Georgetti