Mulcair on pensions

Thomas Mulcair pitches pension reform, including a pension exchange.

The proposed pension exchange would be operated by CPP and consist of a payroll deduction system, a selection of investment funds including a public plan offered by the CPP Investment Board and regulatory requirements to both guarantee and insure benefits.

“Canadians who choose to participate will be able have their pension contributions deducted directly from their pay cheque and invested through the exchange in one of several investment funds including a public plan offered by the CPP Investment Board. This will force large financial institutions to complete for our investment dollars and guarantee both lower management fees and higher rates of return.”