NPF follows the actions of governments and pension providers in the area of retirement security for all Canadians.
“Retirement security is one of the most pressing economic challenges facing Canadian families today. Less than 40% of all employees are covered by a workplace pension plan. Millions of Canadians simply can’t save enough on their own to retire.
Canada is facing a pension crisis. Expanding the Canada Pension Plan/Quebec Pension Plan – everyone’s pension plan – will make sure that all workers in Canada can count on a decent pension in retirement.”
The National Pensioners Federation believes that CPP is an integral part of retirement income. NPF asserts that the age of entitlement for OAS (Old Age Security) should be brought back to age 65 years old, and that GIS (Guaranteed Income Supplement) should be increased to provide a pension income that allows a reasonable standard of living appropriate to their geographical location.