NDP supports CPP expansion, more financial security for seniors

The NDP supports a reasonable, phased-in expansion of the Canada Pension Plan (CPP) so that Saskatchewan families have more security in retirement.

The potential expansion of the CPP is being discussed by Canada’s finance ministers in Ottawa today, and Saskatchewan is, again, the outlier. The Sask. Party opposes phasing in modest growth in retirement payments. 

“The Sask. Party is just not acting in the best interests of seniors and families when they oppose improving the safety net for retirees,” said NDP deputy leader Trent Wotherspoon. “Modernization makes sense. The vision of the CPP is that those that work and pay into the CPP all their lives deserve a little security to build a decent and dignified retirement for themselves. With the cost of living in Saskatchewan way up, it’s been getting harder and harder for so many seniors to make ends meet – that’s not fair for people who worked all their lives and it’s not healthy for a province to have seniors living under the poverty line.”

The Sask. Party’s minister of finance maintains that now is just not the time to modernize help for aging Canadians, citing low oil prices. However, in December 2013 when oil was booming at $100 per barrel, about three times what it is today, Brad Wall also opposed CPP expansion. Back then, he said: “I just don’t think it’s right for the Canadian economy right now…”

“Those excuses are wearing pretty thin,” said Wotherspoon. “A responsible and reasonable phased-in update to the CPP is supported by Canadians, supported by Saskatchewan families and supported by many other provincial leaders across the country. It’s time for Mr. Wall to drop his ideological opposition to this, because supporting amendments to the CPP is supporting Saskatchewan families.”