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G&M: Pension Reform Won't Be Easy, Jim Flaherty Warns

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Tags: Canada, Canada Pension Plan, Jim Flaherty

The lines are being drawn between Ottawa and at least one province over how to reform a pension system that will be hard hit as the baby-boom generation moves into retirement.

The federal government is having a difficult time negotiating changes to the Canada Pension Plan with the provinces that would mean higher premiums for Canadians, but also increased benefits. Alberta, for example, is opposed to any increases and feels a private-sector option is preferable.

Read the entire Globe and Mail article here.
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