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
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...
The 19th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Digital Transformation, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportuni...
"We host and fully manage cloud data services, whether we store, the data, move the data, or run analytics on the data," stated Kamal Shannak, Senior Development Manager, Cloud Data Services, IBM, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
With the proliferation of both SQL and NoSQL databases, organizations can now target specific fit-for-purpose database tools for their different application needs regarding scalability, ease of use, ACID support, etc. Platform as a Service offerings make this even easier now, enabling developers to roll out their own database infrastructure in minutes with minimal management overhead. However, this same amount of flexibility also comes with the challenges of picking the right tool, on the right ...
IoT is rapidly changing the way enterprises are using data to improve business decision-making. In order to derive business value, organizations must unlock insights from the data gathered and then act on these. In their session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, and Peter Shashkin, Head of Development Department at EastBanc Technologies, discussed how one organization leveraged IoT, cloud technology and data analysis to improve customer experiences and effi...
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, demonstrated how to move beyond today's coding paradigm and shared the must-have mindsets for removing complexity from the develo...
SYS-CON Events announced today that MangoApps 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. MangoApps provides modern company intranets and team collaboration software, allowing workers to stay connected and productive from anywhere in the world and from any device.
The IETF draft standard for M2M certificates is a security solution specifically designed for the demanding needs of IoT/M2M applications. In his session at @ThingsExpo, Brian Romansky, VP of Strategic Technology at TrustPoint Innovation, explained how M2M certificates can efficiently enable confidentiality, integrity, and authenticity on highly constrained devices.
“delaPlex Software provides software outsourcing services. We have a hybrid model where we have onshore developers and project managers that we can place anywhere in the U.S. or in Europe,” explained Manish Sachdeva, CEO at delaPlex Software, in this SYS-CON.tv interview at @ThingsExpo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Keeping pace with advancements in software delivery processes and tooling is taxing even for the most proficient organizations. Point tools, platforms, open source and the increasing adoption of private and public cloud services requires strong engineering rigor – all in the face of developer demands to use the tools of choice. As Agile has settled in as a mainstream practice, now DevOps has emerged as the next wave to improve software delivery speed and output. To make DevOps work, organization...
Predictive analytics tools monitor, report, and troubleshoot in order to make proactive decisions about the health, performance, and utilization of storage. Most enterprises combine cloud and on-premise storage, resulting in blended environments of physical, virtual, cloud, and other platforms, which justifies more sophisticated storage analytics. In his session at 18th Cloud Expo, Peter McCallum, Vice President of Datacenter Solutions at FalconStor, discussed using predictive analytics to mon...
The IoT is changing the way enterprises conduct business. In his session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, discussed how businesses can gain an edge over competitors by empowering consumers to take control through IoT. He cited examples such as a Washington, D.C.-based sports club that leveraged IoT and the cloud to develop a comprehensive booking system. He also highlighted how IoT can revitalize and restore outdated business models, making them profitable ...
SYS-CON Events announced today that Isomorphic Software will exhibit at DevOps Summit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Isomorphic Software provides the SmartClient HTML5/AJAX platform, the most advanced technology for building rich, cutting-edge enterprise web applications for desktop and mobile. SmartClient combines the productivity and performance of traditional desktop software with the simp...
"When you think about the data center today, there's constant evolution, The evolution of the data center and the needs of the consumer of technology change, and they change constantly," stated Matt Kalmenson, VP of Sales, Service and Cloud Providers at Veeam Software, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 19th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world and ThingsExpo Silicon Valley Call for Papers is now open.