TORONTO, Nov. 4, 2013 /CNW/ - Enhancements to the Canada Pension Plan
that will increase the cost of hiring workers are worrisome for
labour-intensive restaurant employers, says the Canadian Restaurant and
Foodservices Association (CRFA).
"The restaurant industry is one of the country's largest employers and
the number one place where Canadians get their first-job experience,"
said CRFA President and CEO Garth Whyte. "Increasing CPP premiums puts
these opportunities at risk. There are better options to address
concerns about retirement income for middle and higher income
As the provinces acknowledged in the principles they released on Friday,
raising the premiums paid by lower-income earners and their employers
will not increase future benefits for these workers, but will reduce
their take-home pay and jeopardize their current jobs and job
CRFA will be carefully monitoring the CPP options put forward by
provincial governments over the next several weeks to ensure they do
not result in additional costs that penalize lower income earners and
discourage job creation.
CRFA is one of Canada's largest business associations, with 30,000
members representing restaurants, bars, caterers, institutions and
other foodservice providers. Canada's $65-billion restaurant industry
employs more than one million people in communities across the country.
SOURCE: Canadian Restaurant and Foodservices Association
For further information:
Contact: Mary Gazze, Communications Specialist, 1-800-387-5649, ext. 4226 or email@example.com.