Changes coming to the Canada Pension Plan could impact individuals who decide to take time off of work to raise their children. Algoma-Manitoulin-Kapuskasing MP Carol Hughes says previously families who took time off work wouldn’t lose out on some of the CPP premiums, but soon that may no longer be the case.
The expanded pension plan will boost retirement benefits over time by taking away from those who choose to take time off work to raise a family. In one example, a mother who leaves work for six years to raise her kids would get $85 a month less than their co-worker who stayed and worked.
Hughes says originally the NDP’s thought this was an oversight, but the bill is tabled now and it seems like these changes will likely go into effect. She says these changes will have more of an impact on women and people with disabilities who are the most vulnerable members in society.