OTTAWA, Dec. 17 /CNW/ - "This is a Christmas gift to the same folks who
caused the financial crisis," Dave Coles says of the Conservative
government's plans to reject improvements to CPP in favour of a
privately-run savings plan.
"It's a Christmas present to Corporate Canada, adds Coles, president of
the Communications, Energy and Paperworkers Union of Canada, the union
which represents thousands of forestry workers who have had their
pension plans cut by up to 40% as their employers face bankruptcy.
"Canadians do not need an umpteenth version of RRSPs and private
vehicles where administration fees are double or triple those for the
"They need economic security and the CPP has proven time and time again
that it is the most efficient way to provide it to all Canadians.
"The support for Jim Flaherty's proposal from the Canadian Banking
Association and the Canadian Federation of Independent Business clearly
demonstrates who would win from this proposal," says Coles.
CEP is the largest union in several key sectors of Canada's economy,
including forestry, energy, telecommunications and media.
SOURCE Communications, Energy and Paperworkers Union of Canada
For further information: For further information:
Dave Coles, 613-299-5628