Harper Government Engages with C.D. Howe Institute on Target Benefit Plans
May 5, 2014 – Toronto, Ontario – Department of Finance
Minister of State (Finance) Kevin Sorenson today spoke to the C.D. Howe Institute on the benefits of a proposed federal framework for Target Benefit Plans (TBPs).
TBPs would be structured to help ensure that effective, sustainable pension options are available to individuals who work in the federally regulated private sector or Crown corporations. Its innovative approach is intended to preserve and increase the number of employers that can offer employees an affordable workplace pension plan that has a predictable pension in retirement. The voluntary nature of the proposed framework means that all parties would be involved in the decision as to whether or not to adopt a TBP, and have a say in the design elements of the plan if they do.
The Harper Government recently launched public consultations on the proposed TBP framework. Canadians are invited to take part in the consultations over the coming months to ensure that the final framework reflects the views of all stakeholders. Individuals interested in finding out more or in submitting their views on the proposed framework should refer to the consultation paper listed below.
Office of the Minister of State (Finance)
Department of Finance