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 [email protected].
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”.