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Ottawa Star The Voice of New Canadians www.OttawaStar.com • May 1, 2014 • Volume 1, Issue 17
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Ottawa proposes new target benefit pension scheme instead of CPP changes
The Canadian Press/Ryan Remiorz
Ottawa high school student Céline Sayed collected 1,025 pairs of jeans to donate to organizations in need across the city. Story on Page 5. By Linda Nguyen, The Canadian Press
TORONTO—Ottawa unveiled a third option for pension plans April 24, touting it as the best way to secure a retirement for more Canadians rather than move towards expanding the national Canada Pension Plan, as some provinces like Ontario have long wanted. The federal government said the targetbenefit plan, also known as the shared-risk plan, can be a middle ground between definedbenefit plans, generally favoured by workers, and defined-contribution plans, which are favoured by employers. It’s billing the new framework as a “sustainable and flexible’’ option, which will only be available for Crown corporations and federally-regulated workers that are generally in the transportation, banking and telecommunications sectors. “We need to have a third option,’’ said Kevin Sorenson, minister of state for finance, following a speech at the Economic Club of Canada in Toronto. “We are not picking and choosing for Canadians. We want the defined-benefit plan there as a choice, we want the defined-contribution plan to be an option and we want the target-benefit plan to be an option.’’ Continued on page 10
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Photo: Samantha Ammoun.
A look at predictions of the 1964 New York World’s Fair Some were hits, others misses By The Associated Press
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EW YORK—The New York World’s Fair of 1964 introduced 51 million visitors to a range of technological innovations and predictions during its run. Fifty years later, some of those ideas have turned out to be commonplace in our world. Others? Not so much. Continued on page 12
New York World’s Fair August 1964
Photo: Wikipedia
Replace temporary foreign workers program with immigration, incentives By Lee-Anne Goodman, The Canadian Press
OTTAWA—How to solve a problem like the federal government’s scandal-plagued temporary foreign workers program?
Economists and immigration experts say there are solutions at hand as the Conservatives grapple with controversies involving temporary foreign workers. “We have to figure out what we want as a labour market in the end,’’
David Green, an economics professor at the University of British Columbia who specializes in wage and employment issues, said in an interview April 22. “Are these workers truly needed in some sectors? There’s a tendency for nonContinued on page 6