Welcome!

News Feed Item

Ken Georgetti: "Federal government gave misleading information on CPP"

ATIP documents show Finance Department manoeuvrings

OTTAWA, ONTARIO -- (Marketwired) -- 03/27/14 -- Minister of State for Finance Kevin Sorenson and his department provided misleading information to journalists and the public at a crucial time during the federal-provincial debate in December 2013 over expansion of the Canada and Quebec Pension Plan (CPP/QPP), says Ken Georgetti, president of the Canadian Labour Congress.

"The Finance Department prepared material that was published in a newspaper in Minister Sorenson's name," Georgetti says. "We have access to Information (ATIP) documents indicating that when journalists from other media outlets questioned Sorenson's facts, the department scrambled to provide talking points that did not tell the whole story."

Finance ministers met in Ottawa in December 2013 to discuss enhancements to the CPP/QPP. The Canadian Labour Congress has been advocating since 2009 for CPP improvements which would guarantee income security for Canadians when they retire. Prior to the December meeting, a number of provinces, including Prince Edward Island and Ontario, put forward a workable model providing for increases to future CPP benefits. Those enhanced benefits would be paid for by modest increases to the CPP premiums paid by workers and their employers. These premium increases were to be phased in over a number of years.

Georgetti says that on December 4 Sorensen published an article in the Financial Post which claimed that CPP premium increases would "kill" between 17,000 and 50,000 jobs. The logic was that employers, unhappy with the new premiums, would refuse to hire new workers and would lay off some existing workers. "These claims could only be made by manipulating the facts," Georgetti says.

Georgetti adds, "The material prepared by the Finance Department and peddled by the minister made the assumption that the new CPP premiums would be applied all at once and that no prior notice would be given to employers. In fact, the plan proposed by Prince Edward Island called for a phase in period of several years for the new premiums. This makes all of the difference and the minister and his department knew this all along. Credible experts say that a modest, phased-in increase in CPP premiums would have a nearly negligible impact on employment. And, as even the Finance Department admits, an enhanced CPP would have a positive impact on the economy in the longer term."

When journalists challenged Sorenson's numbers, finance department officials prepared talking points for the minister to defend his position. "We have seen materials obtained through an Access to Information request," Georgetti says. "The Finance Department was saying one thing behind closed doors and another in the information being provided to inquisitive journalists."

The ATIP documents show the department admitting that (quote): "in the long run, expanding the CPP would bring economic benefits. Higher savings will lead to higher income in the future and higher consumption possibilities for seniors."

The Finance Department also acknowledged that any negative impacts from the increase in CPP premium rates that occurred in the late 1990s were outweighed by the underlying strength of the economy. Georgetti says, "This conclusion was entirely contrary to the alarmist predictions being made by Minister Sorenson in December 2013."

Georgetti adds, "The Finance Department was admitting internally that there was a case to be made for enhancing the CPP, but far as we can see from the Access to information documents, those conclusions were stripped out of the material provided to reporters who had challenged Sorenson's doom and gloom figures."

Georgetti says that this is just one more case of the government misleading the public and the media. Canadians deserve better than this and they also deserve the retirement security which only an improved Canadian Pension Plan can provide. The federal government needs to take our retirement security problems seriously before they become worse."

A copy of the ATIP materials discussed here is available at the following link: http://bit.ly/1ljNtUu

The Canadian Labour Congress, the national voice of the labour movement, represents 3.3 million Canadian workers. The CLC brings together Canada's national and international unions along with the provincial and territorial federations of labour and 130 district labour councils.

Web site: www.canadianlabour.ca

Follow us on Twitter @CanadianLabour

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Data is an unusual currency; it is not restricted by the same transactional limitations as money or people. In fact, the more that you leverage your data across multiple business use cases, the more valuable it becomes to the organization. And the same can be said about the organization’s analytics. In his session at 19th Cloud Expo, Bill Schmarzo, CTO for the Big Data Practice at EMC, will introduce a methodology for capturing, enriching and sharing data (and analytics) across the organizati...
DevOps at Cloud Expo – being held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's largest enterprises – and delivering real results. Am...
IoT is fundamentally transforming the auto industry, turning the vehicle into a hub for connected services, including safety, infotainment and usage-based insurance. Auto manufacturers – and businesses across all verticals – have built an entire ecosystem around the Connected Car, creating new customer touch points and revenue streams. In his session at @ThingsExpo, Macario Namie, Head of IoT Strategy at Cisco Jasper, will share real-world examples of how IoT transforms the car from a static p...
The vision of a connected smart home is becoming reality with the application of integrated wireless technologies in devices and appliances. The use of standardized and TCP/IP networked wireless technologies in line-powered and battery operated sensors and controls has led to the adoption of radios in the 2.4GHz band, including Wi-Fi, BT/BLE and 802.15.4 applied ZigBee and Thread. This is driving the need for robust wireless coexistence for multiple radios to ensure throughput performance and th...
The many IoT deployments around the world are busy integrating smart devices and sensors into their enterprise IT infrastructures. Yet all of this technology – and there are an amazing number of choices – is of no use without the software to gather, communicate, and analyze the new data flows. Without software, there is no IT. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists will look at the protocols that communicate data and the emerging data analy...
I’m going to cry tonight, long and hard. I’ll do so as I remember and mourn Jeremy Geelan. I knew Jeremy for almost 20 years, from the time he showed up one day at Cloud Expo’s headquarters in Bergen County, New Jersey, and went to work. The show wasn’t called Cloud Expo then, of course – it was still known as Java Edge, a pioneering event that grabbed developers, architects, and enterprise IT users alike for twice-yearly confabs. Jeremy didn’t have a job there, or even a job offer. He was s...
SYS-CON Events announced today that China Unicom will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. China United Network Communications Group Co. Ltd ("China Unicom") was officially established in 2009 on the basis of the merger of former China Netcom and former China Unicom. China Unicom mainly operates a full range of telecommunications services including mobile broadband (GSM, WCDMA, LTE F...
The Transparent Cloud-computing Consortium (abbreviation: T-Cloud Consortium) will conduct research activities into changes in the computing model as a result of collaboration between "device" and "cloud" and the creation of new value and markets through organic data processing High speed and high quality networks, and dramatic improvements in computer processing capabilities, have greatly changed the nature of applications and made the storing and processing of data on the network commonplace.
Big Data has been changing the world. IoT fuels the further transformation recently. How are Big Data and IoT related? In his session at @BigDataExpo, Tony Shan, a renowned visionary and thought leader, will explore the interplay of Big Data and IoT. He will anatomize Big Data and IoT separately in terms of what, which, why, where, when, who, how and how much. He will then analyze the relationship between IoT and Big Data, specifically the drilldown of how the 4Vs of Big Data (Volume, Variety,...
Video experiences should be unique and exciting! But that doesn’t mean you need to patch all the pieces yourself. Users demand rich and engaging experiences and new ways to connect with you. But creating robust video applications at scale can be complicated, time-consuming and expensive. In his session at @ThingsExpo, Zohar Babin, Vice President of Platform, Ecosystem and Community at Kaltura, will discuss how VPaaS enables you to move fast, creating scalable video experiences that reach your...
In his session at @DevOpsSummit at 19th Cloud Expo, Robert Doyle, lead architect at eCube Systems, will examine the issues and need for an agile infrastructure and show the advantages of capturing developer knowledge in an exportable file for migration into production. He will introduce the use of NXTmonitor, a next-generation DevOps tool that captures application environments, dependencies and start/stop procedures in a portable configuration file with an easy-to-use GUI. In addition to captu...
All clouds are not equal. To succeed in a DevOps context, organizations should plan to develop/deploy apps across a choice of on-premise and public clouds simultaneously depending on the business needs. This is where the concept of the Lean Cloud comes in - resting on the idea that you often need to relocate your app modules over their life cycles for both innovation and operational efficiency in the cloud. In his session at @DevOpsSummit at19th Cloud Expo, Valentin (Val) Bercovici, CTO of So...
SYS-CON Events announced today that Pulzze Systems will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Pulzze Systems, Inc. provides infrastructure products for the Internet of Things to enable any connected device and system to carry out matched operations without programming. For more information, visit http://www.pulzzesystems.com.
If you’re responsible for an application that depends on the data or functionality of various IoT endpoints – either sensors or devices – your brand reputation depends on the security, reliability, and compliance of its many integrated parts. If your application fails to deliver the expected business results, your customers and partners won't care if that failure stems from the code you developed or from a component that you integrated. What can you do to ensure that the endpoints work as expect...
SYS-CON Events announced today that Secure Channels will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. The bedrock of Secure Channels Technology is a uniquely modified and enhanced process based on superencipherment. Superencipherment is the process of encrypting an already encrypted message one or more times, either using the same or a different algorithm.