National News
Randy Hoback, Member of Parliament for Prince Albert, on behalf of the Honourable Diane Finley, Minister of Human Resources and Skills Development, will announce funding to River Bank Development Corporation to help those who are homeless or at risk of homelessness in the city of Prince Albert.
The Honourable Diane Finley, Minister of Human Resources and Skills Development, participated in discussions at the G20 Labour and Employment meeting in Guadalajara, Mexico, on May 17 and 18
Dean Del Mastro, Member of Parliament for Peterborough and Parliamentary Secretary to the Prime Minister and to the Minister of Intergovernmental Affairs, on behalf of the Honourable Diane Finley, Minister of Human Resources and Skills Development, will announce funding from the Government of Canada to help the homeless and those at risk of homelessness in Peterborough.
The Honourable Tony Clement, President of the Treasury Board and Minister responsible for FedNor, will address members of the Vancouver Board of Trade about economic growth, job creation, and the importance of cutting red tape for businesses.
STRAHL URGES PASSAGE OF NEW RETIREMENT SAVINGS VEHICLE
Jan 31, 2012
Ottawa- Speaking in the House of Commons, Chilliwack-Fraser Canyon MP, Mark Strahl, urged passage of Bill C-25: Pooled Registered Pension Plans Act.
"Hardworking Canadians, without a private pension plan, have called for this type of retirement savings vehicle." Strahl added, "Passage of this bill will mark a significant step forward in securing their retirement."
Pooled Registered Pension Plans (PRPP) will allow small and medium sized businesses, their employees and those who are self-employed to pool their money to provide for accessible, straightforward and administratively low-cost pension plan by reducing the legal and administrative burden faced by employers. It is because of these costs that 60 per cent of Canadians don't have access to a private pension plan.
According to Strahl, PRPPs offer a number of benefits, including:
- easy enrolment due to low administrative cost and simple arrangement,
- flexibility for employees and employers in setting their contribution amounts; and
- portability, allowing employees to move their account as they change careers and employers.
"Millions of Canadians stand to benefit from access to this new low-cost pension plan with the passage of this bill."
For more information, please visit: http://www.fin.gc.ca/act/prpp-prac/index-eng.asp
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