The federal government has rejected a proposal that would allow coal workers to obtain early access to their Canada Pension Plan (CPP) benefits for workers who face “earlier than planned” retirement due to climate regulations.
A letter by Natural Resources Minister Jonathan Wilkinson in response to a parliamentary committee report making the proposal, said the recommendation “would create inequities.”
“The Canada Pension Plan is a comprehensive pension system for all Canadian workers, no matter what type of work they choose,” wrote Wilkinson to the Standing Committee on Public Accounts (PACP) on Feb. 23, as first reported by Blacklock’s Reporter.
“Allowing specific groups earlier access to CPP benefits than others would create inequities and work against the measures that have been taken to make the Plan stable and sustainable.”…