The Wingham Advance-Times, 1974-11-07, Page 5•
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rr
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Lalonde revives oI
A move 'toe. the Canada
Pension Plans is in the.
Wit, sod Welfare Minister
Marc Lalonde sweetly intro-
duced a bili in Parte which
st �� e features
tt as 'lam.
COCwhich Mrr Woad* intro-
/30ml in. April of this you, The
bill was being em Bred just
before Parliament solved for
the recent election.
Mx. onde said the main
u'J of ', the new Bill, J as
i
indicated n the ,S y from the
'lire,, are to:
equal t't for
*web contributors
alaaftctet* under the
Canada P Plan;
Amon to retirenent and
ollarlisits testi for retirement
Establieb a new formula, for
determl the 'ms's earrings
ceiling and thoroby establieh the
base for rapid growth of future
C.P.P. benefits; *'�,,,,, Plan's Change the ba of he Ip n s
exempt earnings provisions
e ehy MOW a meter :op -
CURRIE'S
h ik Ffor
Ik ..
tie Piss;
Allow members of osrtain
religious grout* to exclude them.
*iv* from the Lal".;,
And mete a large number of
technical chugs* to improve the
Pion and, gonorally mahe it more
effective.
The amendments , Wined to
provide equal treatment 'will
pave the way for pensions to be.
paid to widowers on the same
basis as now paid to widows. At
-r+
IAA
hem
financially 1epa "sill Ir
0n the oar hand,widows'
pealpealiOna are payable to:
widows over 45 yea old;
under that age a; at the
tri disabled; nt ha 'e dependent
t'hildr, n Pr noiiti noneirwor are
tai to widows between d !a`
years of age who are
,disa=bled or do ;not *Lie de
pendent chillthen.
U� the bill the equality
� Hi2 E
FLOOR OF URN IMRE
QUALITY
4
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OPENING SPECIALS
ADMIRAL i9" Black and
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ADMIRAL COMPONENT
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•
amendments will make
Possible for + safdren's benents
be *don the disability or del
of female contributors 'aa the
sante boil as they are now pal
with reepect to male con
tributoNl. At the present time
such benefits can be paid in the
case of a female tr,butor
in situations wheree. children
were substantially dept en
or
tli�elrdeathmotebefore herr di bili
. *
Another important feature of
the bill concerns the proposals fOr
rernovi the retirement and
earni s that now apply
CPP �r�etirerneut pensions.
B r the Act, at the presen
time, contributors between 65
and 69 must retire from regular
employment before they can
qualify fnt a CPP retirement
pension,, and recipients of these
pensions who are aged 65 to 09
face the prospect of'having their
pensie,ns reduced .or eliminated if
their `;,post-retirement earnings
exceed. amounts stipulated by the
legislation.
Once the new bill becomes law, .
these testa will ' no longer apply.
and persons 65 or ,ogler raydraw
their Canada "Pension Plan
retirement benefits whether or
not they eco ntinue to work and
receve wages,
The new bill also -establishes a
new formula for determining the
earnings ° ceiling of the Plan,
called the Year's Maximum
Pensionable Earnings. (YMPE)
in, the legislation. The new
formula provides that the amount
up to which a person may con-
tribute will be in creased by 12/
per cent each year until it catches
up to the average earnings of
Canadian workers as represented
by the Industrial Composite of
weekly wages and salaries pub-
lished by Statistics Canada.
After this transitional period,
the YMPE wilt. be 'kept parallel
with the average earnings by
equating it with a projection of
Industrial composite data Mr.
Lalonde said this change will
lay a vial i le in substantially
ncreasing CPP benefits in the
uture
it 0it refit tib, he
to +exn O that 'w sr the ` runxt.
ill
decade„ CPP' retire-
ment pensions willt penincrease
d *baht **per cent, that up to
a and **ability d.
e; survivorpensions will *row
to IN cent.
onl
":thy Under le�%ti+on llast
en
Year, E for 174 was set
at , e` S' and `f 1975. .at 7,400, -.
ty That legislation also provided' for
the till escalation of benefits in
pay, in. line with yearly changes
thp f um+ tax The
new legislation is , designed,
to`therefore, to provide for oha es
in the Year's Maximum mien-'
t able Earnings in 1976" and'sub-
e t years. " n t, ry
A further change in the' bill will,
establish the "basic exemption
(the amount on which contribu-
tions do not have to be made) at
f
meets
BELGRAVE — The Hi -C met
at the home of Doreen Taylor
with an attendance of fifteen.
Brian Pfrimmer of the Minis-
nfekinOnd.iteso,Vees showed
*Uwe= offAbeitillullettiuWildlite
Management Area. This was
followed by a' question and
answer period.'
Janice Coultes and Doreen
Taylor conducted games. \Lunch
was served by the hostess.
ale °pet tent af the Year'.s
Maximum Pensionable Urn.
Sege; 'and` the wrest
laths* this is sot at te Pes Wit.
it passed, the new
will set the Year's Baal
Exemption far 1175°at 0. At the
she time; the Bill will deo a
sped provilion that has anlied
the self-employedpersons,. that,
' requirement that they must
earn at leeet One and ene-tbird of
the Year's Basic " pt i te
qualifi as a contributor. These
change ve provide groat*
pity for per; at lower
income levels to participate in
the Canada PerlIkln Plan.
In particular, increased
manbers of .farmers, fish
and other .self-employed persons
will be enabled to improve their
protection under the Plan.
The bill also contains ° a pro -
isle* which
Mrri� c
sects to
010 Combs Penoke rise is
o n1 'Beets:that hotly 1st
that
benefits frets asor
publie issormia.
for Pooments
dee*,
tweed with
of the provisoes.
that Big C'",eR',which'ointsisol
the same feektOlr04was
debsted.by the
abroad m
su1"&from all politic* paM
iccordi Y
the new bill would *owe
WNW.
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