When Albertas Finance Minister Doug Horner recently announced that the province will reform public sector pension plans, the reaction was predictable: government employees unions set their collective hair on fire. Thus, Guy Smith, Alberta Union of Provincial Employees president, remarked that the provinces planned reforms will fundamentally undermine the the retirement security of more than 70,000 AUPE members.
The tone and language used by Professor Rhys Kesselman in his criticism of our recent study on the CPP and RRSPs is a far cry from the professionalism and decorum one would expect from a distinguished economist and holder of a Canada Research Chair. Rather than stick to debating the facts, Professor Kesselman stoops to innuendoes and school yard taunts to disparage our work. Reasonable people should be able to disagree without being disagreeable.
The idea of expanding the Canada Pension Plan (CPP) resurfaced in December 2012 during a meeting of the federal and provincial finance ministers. The ministers agreed to explore possible reforms to the CPP at their next meeting expected sometime in the coming months.