I like the idea of protecting employee pensions when employers go bankrupt, but wouldn’t pension insurance create what Americans call a ‘moral hazard’, where pension plans would have incentive to abuse the insurance? How could this be avoided?
Allowing increased CPP contributions, and extending CPP to the self-employed seem like good ideas. I think this might reduce the dependency of employees on employers just a little (i.e. one less thing).
I like the idea of protecting employee pensions when employers go bankrupt, but wouldn’t pension insurance create what Americans call a ‘moral hazard’, where pension plans would have incentive to abuse the insurance? How could this be avoided?
Allowing increased CPP contributions, and extending CPP to the self-employed seem like good ideas. I think this might reduce the dependency of employees on employers just a little (i.e. one less thing).