The Canadian Federation of Independent Business is hoping to stop the agreed to changes to the Canada Pension Plan from going into effect in 2019.
The Atlantic Director of the C-F-I-B Jordy Morgan claims the situation for retirees is not as dire as many believe. He says only 17 per cent of Canadians are not saving for their retirements and raising contributions will put jobs in jeopardy. Morgan argues many small businesses operate with a very slim margin of profit.
The New Brunswick Federation of Labour argues C-P-P premiums will increase by just 1 percent each for employers and employees phased in over seven years.
The Labour Federation maintains for the price of a cup of coffee and a muffin each week, workers will see an increase in income in their retirement from one quarter to one third of what they were earning.
