Summer Time Activity

Over the summer, the CFP has been busy! Our team has been working on a number of initiatives to continue our mission to raise awareness on pension plan security and regulations.

First, CFP members have been preparing for a Pension Advocacy Initiative Day on Oct 17th at Queens Park, to get together with MPPs from all over Ontario to brief and inform members on Pension issues and impacts on Pensioners due to current and potential regulations.

Stay tuned, as we will provide an update as we prepare for this very important event.

We’ve also been continuing our advocacy efforts with pension regulators.

Bob Farmer, President of the CFP, noted “It’s important to remain engaged with the regulators as they consider changes to the Pension frameworks both in Ontario and Canada. We continue to offer the perspective of our members to protect existing pension entitlements and to strengthen protections for pension plans when their sponsors get into trouble”.

Over the summer months, CFP has provided input to both the Ontario government and FSCO on proposed Pension Solvency changes as well as responding to CAPSA.

Please drop a note to if you’d like a copy of those notes.

2017 FSCO Annual Stakeholder Meeting

On March 29th, representative groups from the CFP met with the senior executives and managers from Ontario’s Financial Services Commission of Ontario, the regulatory body that oversees various portions of the financial sectors in Ontario, including pensions. Annually, FSCO invites representatives from various pension groups and pensioner organizations to meet to discuss the status of… Continue Reading

CFP attends Ontario’s 2017 Budget Consultation Process

The Canadian Federation of Pensioners recently had the opportunity to present at one of Ontario’s Pre Budget consultations for 2017. The Government of Ontario provides these opportunities annually and the CFP usually gets an invitation to attend. One of our board members,  Bill Jones,  attended one of the local sessions in Toronto and provided the following… Continue Reading

A bit of CFP History…

CFP was created largely by pensioner organizations dealing with distressed pension plans. Some organizations have disbanded and are no longer CFP members because their pension plans have been wound up or have been frozen (with no new active members) for a long time. We tell their stories below to illustrate the issues that CFP is… Continue Reading

CFP’s Bob Farmer speaks out: “Being a Pensioner is a Risky Business”

An article written by Canadian Federation of Pensioners President, Bob Farmer, recently appeared on the National Pensioners Federation website. The opening paragraph paints a nightmare scenario for a pensioner and their pension cheque… “Imagine the following scenario. You are sent a letter from your employer of ten years ago. In the letter, your employer explains… Continue Reading

RERWBS Representatives Meet with Minister Duclos to Discuss Pension Issues

Representatives of the Regroupement des Employés Retraités White-Birch Stadacona (RERWBS) pensioners group met with the Honourable Jean-Yves Duclos, Minister of Families, Children and Social Development, in early November, 2016, to discuss the loss of workplace pension benefits that RERWBS is facing.   Left: Minister Duclos with RERWBS President Gilles Bédard.          … Continue Reading

CFP Responds to FSCO 2016 Draft Priorities

Earlier this year, FSCO put out a  request for comments on it’s 2016 Annual Priorities, where it stated a number of areas of focus for the upcoming year. You can find their request here. The Canadian Federation of Pensioners took this opportunity to provide comments on the priorities. You can get our comments here: CFP –… Continue Reading

Cause de depot et placement Makes Changes to Face New Economic Reality

Large pension organizations such as the Caisse de depot et placement du Quebec are facing up to lower interest rates, and modest returns. CFP’s Mike Campbell is quoted in this article on impacts to pension plans and pensioners.ôt-changes-organizational-model-to-face-anticipated-volatility-modest-returns-and-anemic-growth Continue Reading

FSCO AnnualStakeholder Review

  Once a year, the Financial Services Commission of Ontario (FSCO), holds a Stakeholder Meeting to engage in dialog with various retiree groups on Pensions in Ontario.This year, the meeting was held on March 21st at FSCO’s offices in North York. The meeting was very useful, with an active dialog between FSCO and the pension… Continue Reading