EDITORIAL: CPP changes are required

The federal government won’t address the very urgent and growing problem that is the Canadian Pension Plan

The federal government won’t address the very urgent and growing problem that is the Canadian Pension Plan.

Instead of offering any sort of meaningful reform or choosing to adequately fund CPP so Canadians can expect to be taken care of – after having spent a lifetime of paying taxes – the Conservatives hope the problem just goes away.

It’s no secret that CPP is underfunded. And given the country’s demographics – with millions of Canadians facing retirement in coming years – this is an issue that can’t be put off any longer.

Seniors now make up close to 15 per cent of Canada’s population, totalling more than 4 million people. And with the median age in Canada now over 40 years old for the first time ever, the issue of our aging population and how to take care of them isn’t going away.

The issue is clear to see: Canadians are living longer, and as a result, drawing on CPP more than in generations past. As result, we need to do a better job of funding CPP if we want it to work.

Finance Minister Jim Flaherty needn’t worry about his own financial future, of course. As an MP who has served more than six years in the house of commons, Flaherty has a gold-plated taxpayer-funded pension to draw on for the rest of his life, upon his retirement.

The rest of us aren’t so lucky.

Adequately funding CPP is the fiscally responsible thing to do, but it is also politically difficult. As a result, the Conservatives have taken the easy way out, opting for the instant gratification of low taxes in the present at the cost of a stable future for our citizens.

And isn’t that how we got into this mess in the first place?

-South Delta Leader

 

Just Posted

North Okanagan transit to UBCO resumes

Fall schedule begins Sunday, Sept. 1

Coldstream woman transforms synthetic waste into art

UBCO grad’s exhibit at Caetani Centre

Theft of Vernon teen’s stolen bike has happy ending

A 31 year old man from Alberta was arrested Wednesday and is currently in custody facing charges

Vernon man praises CMHA suicide grief support group

Vernon and District branch offers another session Sept. 4 to Oct. 23

Giant paper airplane set to launch in Vernon park

The Okanagan Science Centre invites the public to watch the takeoff on Saturday, Aug. 24 at 2 p.m.

Sister Speak comes home to Okanagan on world tour

Shosws in Kelowna, Vernon and Revelstoke

Hell’s Angel prospect back in custody after being charged with assault

The 30-year-old man now faces several additional charges

New South Okanagan winery will open its doors soon

Phantom Creek Estates announced its new CEO and winemaker, and completed first phase of construction

B.C. man tells judge he attempted suicide a month before daughters’ murders

Andrew Berry takes stand in his defense for December 2017 deaths of young daughters

‘Plenty of time for a deal’: Teachers’ union expects kids back in school on Sept. 3

BCTF says class size, composition at the heart of the issue

Shuswap’s Rust Valley Restorers team rolling onto Netflix

Mike and Connor Hall, Avery Shoaf see Tappen-based television show expand to streaming service

Okanagan Rail Ride gathering steam ahead of inaugural race

The ride is a non-competitive event celebrating the Okanagan Rail Trail

Province funds new shuttle buses for 13 B.C. senior centres

Activity, socializing helps maintain health, Adrian Dix says

Musaic Vocal Ensemble seeks additional voices

Summerland-based choir has performed for past 25 years

Most Read