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Layton announces key election platform

NDP will raise pension benefits and guaranteed income supplement


 

NDP Leader Jack Layton announced on Monday that he would double the amount seniors could get from the Canada Pension Plan and Quebec Pension Plan, and would invest $700-million more into the guaranteed income supplement if he’s elected prime minister. Layton would pay for the increased pension benefits by having companies pay 9 cents per hour more for each employee, saying the costs are “something that can be absorbed,” while workers would pay about $3 a week more to allow for the pension benefit increase. Fighting the trend towards an increasingly bi-partisan race between the Conservatives and the Liberals, Layton tried to differentiate himself from his rivals by raising the issue of who Canadians trust more to fight for families. “The New Democrat pension plan is practice, it’s affordable, and it will give an immediate boost to the retirement security of Canadian families,” he said.

CBC News


 
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Layton announces key election platform

  1. "Layton announces key election platform"

    You forgot a few words. Should read 'Layton announces key election platform to bankrupt country'

    Is it really good time to double pension payments, when we are about to have more retirees than ever and number of people in work is not growing. And if we are going to double pension payments, what about health care.

  2. Everybody knows the NDP will never form the government.

    Everybody knows that Jack Layton will never be Prime Minister.

    Why doesn't the NDP come back down to earth and portrait themselves honestly and campaign to be something which is not totally outrageous and unbelievable…the official opposition.

    I think a campaign strategy based on this would have been much more realistic and successful with Canadian voters.

    Walking around saying "I'm applying for the job of Prime Minister of Canada" just makes Layton look silly.

  3. Everybody knows the NDP will never form the government.

    Everybody knows that Jack Layton will never be Prime Minister.

    Why doesn't the NDP come back down to earth and portrait themselves honestly and campaign to be something which is not totally outrageous and unbelievable…the official opposition.

    I think a campaign strategy based on this would have been much more realistic and successful with Canadian voters.

    Walking around saying "I'm applying for the job of Prime Minister of Canada" just makes Layton look silly.

  4. The G&M broke it down quite well…….

    CPP contribution rates are what they are for two reasons. First, today's contributions are paying for both today's benefits and tomorrow's benefits. Most of today's retirees did not contribute enough when they were working to pay for the cost of the benefits that they are currently receiving. That deficit is being made up for by greater contributions from younger workers.

    Second, CPP is a disability insurance plan as well as a retirement plan. Private disability insurance coverage comparable to that offered by CPP would be very costly. (A third factor to remember is that CPP also offers survivor and death benefits).

    It all makes sense from a policy point of view.

    But I think it creates a sense of dissatisfaction with the CPP, a sense that “I'm not getting enough benefits.” It's that dissatisfaction which I believe has motivated the NDP to promise a gradual doubling of the Canada and Quebec Pension Plans.
    http://www.theglobeandmail.com/report-on-business

  5. The G&M broke it down quite well…….

    CPP contribution rates are what they are for two reasons. First, today's contributions are paying for both today's benefits and tomorrow's benefits. Most of today's retirees did not contribute enough when they were working to pay for the cost of the benefits that they are currently receiving. That deficit is being made up for by greater contributions from younger workers.

    Second, CPP is a disability insurance plan as well as a retirement plan. Private disability insurance coverage comparable to that offered by CPP would be very costly. (A third factor to remember is that CPP also offers survivor and death benefits).

    It all makes sense from a policy point of view.

    But I think it creates a sense of dissatisfaction with the CPP, a sense that “I'm not getting enough benefits.” It's that dissatisfaction which I believe has motivated the NDP to promise a gradual doubling of the Canada and Quebec Pension Plans.
    http://www.theglobeandmail.com/report-on-business

  6. But, the right numbers, gives Layton, the opportunity to win a few points. We may get that increase yet. And anyone who willing pays trillions for a phony bilingualism should be forced to work 60 hours a week, for the senior benefits and will! We will see your taxes raise even more for your pandering obsession!

  7. But, the right numbers, gives Layton, the opportunity to win a few points. We may get that increase yet. And anyone who willing pays trillions for a phony bilingualism should be forced to work 60 hours a week, for the senior benefits and will! We will see your taxes raise even more for your pandering obsession!

  8. well it will only be an extra 30 per week, then. chump change for a guy like Layton.

    Kidding. I just think he doesn't see past 2 years. All he thinks of is the 'immediate'.

  9. well it will only be an extra 30 per week, then. chump change for a guy like Layton.

    Kidding. I just think he doesn't see past 2 years. All he thinks of is the 'immediate'.

  10. The pensions in Europe are double that in Canada and these countries are also doing better than we are. No-one is bankrupt and the seniors in most European countries enjoy their old age free of money worries. Do some research into how Europeans can enjoy so high quality of life for their seniors.

  11. The pensions in Europe are double that in Canada and these countries are also doing better than we are. No-one is bankrupt and the seniors in most European countries enjoy their old age free of money worries. Do some research into how Europeans can enjoy so high quality of life for their seniors.

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