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

Dennis Gruending
CLC Communications
Tel. 613-526-7431
Cell-text: 613-878-6040
Email: [email protected]

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
Cloud-enabled transformation has evolved from cost saving measure to business innovation strategy -- one that combines the cloud with cognitive capabilities to drive market disruption. Learn how you can achieve the insight and agility you need to gain a competitive advantage. Industry-acclaimed CTO and cloud expert, Shankar Kalyana presents. Only the most exceptional IBMers are appointed with the rare distinction of IBM Fellow, the highest technical honor in the company. Shankar has also receive...
Enterprises have taken advantage of IoT to achieve important revenue and cost advantages. What is less apparent is how incumbent enterprises operating at scale have, following success with IoT, built analytic, operations management and software development capabilities - ranging from autonomous vehicles to manageable robotics installations. They have embraced these capabilities as if they were Silicon Valley startups.
DXWorldEXPO LLC announced today that ICOHOLDER named "Media Sponsor" of Miami Blockchain Event by FinTechEXPO. ICOHOLDER give you detailed information and help the community to invest in the trusty projects. Miami Blockchain Event by FinTechEXPO has opened its Call for Papers. The two-day event will present 20 top Blockchain experts. All speaking inquiries which covers the following information can be submitted by email to [email protected] Miami Blockchain Event by FinTechEXPO also offers s...
Poor data quality and analytics drive down business value. In fact, Gartner estimated that the average financial impact of poor data quality on organizations is $9.7 million per year. But bad data is much more than a cost center. By eroding trust in information, analytics and the business decisions based on these, it is a serious impediment to digital transformation.
Daniel Jones is CTO of EngineerBetter, helping enterprises deliver value faster. Previously he was an IT consultant, indie video games developer, head of web development in the finance sector, and an award-winning martial artist. Continuous Delivery makes it possible to exploit findings of cognitive psychology and neuroscience to increase the productivity and happiness of our teams.
As DevOps methodologies expand their reach across the enterprise, organizations face the daunting challenge of adapting related cloud strategies to ensure optimal alignment, from managing complexity to ensuring proper governance. How can culture, automation, legacy apps and even budget be reexamined to enable this ongoing shift within the modern software factory? In her Day 2 Keynote at @DevOpsSummit at 21st Cloud Expo, Aruna Ravichandran, VP, DevOps Solutions Marketing, CA Technologies, was jo...
Predicting the future has never been more challenging - not because of the lack of data but because of the flood of ungoverned and risk laden information. Microsoft states that 2.5 exabytes of data are created every day. Expectations and reliance on data are being pushed to the limits, as demands around hybrid options continue to grow.
The standardization of container runtimes and images has sparked the creation of an almost overwhelming number of new open source projects that build on and otherwise work with these specifications. Of course, there's Kubernetes, which orchestrates and manages collections of containers. It was one of the first and best-known examples of projects that make containers truly useful for production use. However, more recently, the container ecosystem has truly exploded. A service mesh like Istio addr...
Digital Transformation: Preparing Cloud & IoT Security for the Age of Artificial Intelligence. As automation and artificial intelligence (AI) power solution development and delivery, many businesses need to build backend cloud capabilities. Well-poised organizations, marketing smart devices with AI and BlockChain capabilities prepare to refine compliance and regulatory capabilities in 2018. Volumes of health, financial, technical and privacy data, along with tightening compliance requirements by...
As IoT continues to increase momentum, so does the associated risk. Secure Device Lifecycle Management (DLM) is ranked as one of the most important technology areas of IoT. Driving this trend is the realization that secure support for IoT devices provides companies the ability to deliver high-quality, reliable, secure offerings faster, create new revenue streams, and reduce support costs, all while building a competitive advantage in their markets. In this session, we will use customer use cases...
Business professionals no longer wonder if they'll migrate to the cloud; it's now a matter of when. The cloud environment has proved to be a major force in transitioning to an agile business model that enables quick decisions and fast implementation that solidify customer relationships. And when the cloud is combined with the power of cognitive computing, it drives innovation and transformation that achieves astounding competitive advantage.
Evan Kirstel is an internationally recognized thought leader and social media influencer in IoT (#1 in 2017), Cloud, Data Security (2016), Health Tech (#9 in 2017), Digital Health (#6 in 2016), B2B Marketing (#5 in 2015), AI, Smart Home, Digital (2017), IIoT (#1 in 2017) and Telecom/Wireless/5G. His connections are a "Who's Who" in these technologies, He is in the top 10 most mentioned/re-tweeted by CMOs and CIOs (2016) and have been recently named 5th most influential B2B marketeer in the US. H...
DevOpsSummit New York 2018, colocated with CloudEXPO | DXWorldEXPO New York 2018 will be held November 11-13, 2018, in New York City. Digital Transformation (DX) is a major focus with the introduction of DXWorldEXPO within the program. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term. A total of 88% of Fortune 500 companies from a generation ago are now out of bus...
DXWordEXPO New York 2018, colocated with CloudEXPO New York 2018 will be held November 11-13, 2018, in New York City and will bring together Cloud Computing, FinTech and Blockchain, Digital Transformation, Big Data, Internet of Things, DevOps, AI, Machine Learning and WebRTC to one location.
Cloud Expo | DXWorld Expo have announced the conference tracks for Cloud Expo 2018. Cloud Expo will be held June 5-7, 2018, at the Javits Center in New York City, and November 6-8, 2018, at the Santa Clara Convention Center, Santa Clara, CA. Digital Transformation (DX) is a major focus with the introduction of DX Expo within the program. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive ov...