For immediate release
May 6, 2014
Ottawa – On May 6, 2014, the Honourable Tony Clement, President of the Treasury Board, made the following statement following the release of the Auditor General's spring report:
"The Government of Canada agrees with the Auditor General's recommendations. We are also pleased with the finding that the Government has fulfilled its legislative obligations for the public sector pension plans."
"In response to the recommendations, the Treasury Board Secretariat will further strengthen the current governance framework and will continue to collaborate with our partners to make information clearer for plan members and Canadians."
"While the Auditor General did not analyze the sustainability of the public sector pension plans, the Government of Canada continues to be committed to ensuring the long-term sustainability of these plans, and recent changes, such as increasing the contribution rates and raising the normal age of retirement from 60 to 65, will help us achieve this. These efforts are creating savings of $2.6 billion cumulatively by 2017–18 and over $900 million annually in subsequent years, while remaining fair to both federal employees and Canadian taxpayers."
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For more information, contact:
Heather Domereckyj
Press Secretary
Office of the President of the Treasury Board
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