Saskatchewan premier says timing is wrong to double Canada Pension Plan rates - InfoNews

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Saskatchewan premier says timing is wrong to double Canada Pension Plan rates

December 18, 2013 - 11:49 AM

REGINA - Saskatchewan Premier Brad Wall says he doesn't think the timing is right in the economy to increase contribution rates to the Canada Pension Plan.

Wall says he doesn't think the national economy needs what he describes as a significant cost to job creation or job retention.

Saskatchewan's economy has been growing for the last several years, but the premier also says he doesn't think it's ready for — quote — "another hit on payrolls."

However, Wall says there could be a discussion about when the time would be right in the economy to change the CPP.

A federal-provincial meeting on CPP reform broke up Monday after several provincial ministers accused Finance Minister Jim Flaherty of blocking efforts to enrich the plan or even agreeing to further study.

CPP reform requires approval of seven provinces representing two-thirds of the population, as well as a green light from Ottawa.

News from © The Canadian Press, 2013
The Canadian Press

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