Manitoba’s Finance Minister wants more time to talk about the enhanced Canada Pension Plan before signing off on it.
Ministers from every province except Manitoba and Quebec signed off the agreement.
Cameron Friesen says it would have been unwise for the newest government in the country to rush into something.
“Other finance ministers at least had the benefit of having developed positions that they could finesse in the context of that meeting. I would suggest to you that when you’ve been the government for less than two and a half months, you have less ability to adjust.
Friesen says he supports the idea of people having a more secure retirement.
He also said he has ideas on how to further enhance the CPP but wants to share those with his cabinet before telling the public.
Meanwhile Premier Brian Pallister says the plan to increase premiums ignores the responsibility that people have to put away money themselves.
“The only money that’s going to ever come out of the CPP is what’s put into it. This isn’t about governments being generous to you. This is about the people in the plan, Canadians who contribute as employees and/or as employers, getting money out later.”
The expansion of the pension plan would go into effect in 2019 and would see CPP premiums and benefits increase gradually.