Pension plans and retirement savings have been hit hard by the economic crisis and the security of many Canadians is at risk. Some companies even want to cut defined benefit plans that employees paid into throughout their working lives.
People with RRSPs and other private pensions that invested heavily in stock and financial markets have seen their investments lose much of their value. We must expand public pensions and reduce our reliance on financial markets for economic security. Public pensions remain secure but they replace only a modest share of our previous work-related earnings.
There are public forums being held that will give you an opportunity to learn more about pensions and give you a better understanding of why the retirement savings of countless workers have been put at risk and what can be done to create a pension system where no one is left behind.