Finance Minister Jim Flaherty urged not to sell out the majority of
Canadians to the banks and insurance companies
TORONTO, Dec. 17 /CNW/ - Members of the Ontario Nurses' Association
(ONA) are contacting federal Finance Minister The Hon. Jim Flaherty
today, reminding him that the majority of Canadians support the labour
movement's plan to expand the Canada Pension Plan (CPP).
"Minister Flaherty should be ashamed of himself for turning his back on
the majority of Ontarians in favour of the few bank and insurance
company executives who stand to profit from his pooled-savings
gimmick," said Linda Haslam-Stroud, RN, President of the Ontario
"A private, defined contribution gimmick isn't a plan," said
Haslam-Stroud. "It guarantees workers nothing except what they'd pay
"The daughters and sons of Ontario's nurses, who are struggling with the
worst labour market conditions in this recession, deserve better," said
Haslam-Stroud. "Everyone deserves retirement security and a phased-in
increase of CPP contributions would cover all employees with our safe,
portable and efficient national pension plan."
The Canadian Labour Congress' (CLC) plan to gradually increase CPP
contributions by 0.43 per cent of pensionable earnings for workers and
employers over seven years would effectively double the average
earnings replaced by CPP pension benefits, to a maximum of $1,868 (in
2010 dollars) per month.
Expanding the CPP is the best option and it's supported by pensioners,
students, Canada's mayors and Ontario Finance Minister The Hon. Dwight
"Ontario nurses' message to provincial and territorial finance ministers
is: Don't be bullied by the Conservative minority," said Haslam-Stroud.
"The majority of Canadians know that expanding the CPP is the right
plan, so stand up for us and let Mr. Flaherty isolate himself as he
shills for his unimaginably rich friends who can't resist finding
another way to gouge us with service fees."
SOURCE Ontario Nurses' Association
For further information: For further information:
Ontario Nurses' Association
Ken Marciniec 416-964-8833 ext.2306; 416-803-6066 (cell)
Ruth Featherstone 416-964-8833 ext.2267.