The Senate is done with the issue of Canada Pension Plan retroactivity, recommending reform to the Finance Minister.
Now it must sit and wait to see what steps, if any, Jim Flaherty cares to take.
On March 11, the Senate National Finance Committee tabled its Report on the Financial Security for Seniors: Entitlements and Retroactivity Provisions under the Canada Pension Plan, analyzing the incidence of Canadian seniors who are eligible for, but not receiving, Canada Pension Plan (CPP) benefits because they have failed to apply for the plan's retirement pension.
"The federal government has stepped up efforts to inform seniors of their eligibility for the pension and how to apply," ... more