CPP Reform Should Move Ahead Even If Some Provinces Oppose A Deal: Kathleen Wynne

Darpan News Desk The Canadian Press, 17 Jun, 2016 01:10 PM

OTTAWA — Ontario Premier Kathleen Wynne says any eventual deal to reform the Canada Pension Plan should move forward, even if a handful of provinces oppose the move.

Negotiations to enhance the pension plan are expected to dominate talks during Monday's meeting of federal-provincial finance ministers.

But any changes to the CPP would require the consent of a minimum of seven provinces representing at least two-thirds of the country's population.

Wynne tells The Canadian Press that the country should find a way to move forward with CPP reform as long as there is agreement among the minimum number of provinces.

For years, Ontario has been pushing hard to upgrade the CPP out of concern that retirees decades from now may lack adequate retirement savings.

But the push for reform is a controversial one, leading some provinces to voice concerns about the potential impact increased contributions could have on workers and businesses.

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