Manitoba Premier Brian Pallister speaks to media before the provincial throne speech at the Manitoba Legislature in Winnipeg, Monday, May 16, 2016. (Photo: John Woods/CP)Manitoba abstained from the vote Monday in Vancouver that saw all finance ministers from every province except Manitoba and Quebec endorse, in principle, an increase in both CPP premiums and benefits.
"I guess what I'm talking about is making sure we don't lose sight of individual responsibility in the hoopla around debating the CPP augmentation here."But he also cited a desire to leave people with more discretionary income for their own savings plans following tax increases in Manitoba under the previous NDP government. The enlarged CPP would remove even more discretionary income through higher premiums. "There are many studies that show when compulsory savings plans are introduced, and when they're augmented, that the result is people save less in optional forms and no one is any better off." New Democrat finance critic James Allum said Pallister is siding with big business instead of working families who are worried about their retirement. "We think the ... agreement-in-principle is affordable. It will be phased in over time," he said. Pallister acknowledged the agreement can go ahead without Manitoba's approval. It only needs support from seven provinces representing at least two-thirds of the country's population.
ALSO ON HUFFPOST: