84.8 Pension Plan Period of Exclusion
Whereas, All participants in the Canada/Quebec Pension Plan may exclude years of low and zero earnings up to a total of 15 percent of the years of participation, in the calculation of pension benefits; and,
Whereas, The Canada/Quebec Pension Plan includes provisions whereby a parent who remains in the home with a child under the age of seven years may exclude those years in the calculation of pension benefits; and,
Whereas, These exclusions minimize the penalty in pension benefits for periods of illness, unemployment, and child-rearing;
RESOLVED, That The National Council of Women of Canada urge the Government of Canada to institute a cost-benefit analysis of an increase of the period of exclusion of low and zero earnings from the contribution records of Canada/Quebec Pension Plan participants from 15 percent to 30 percent in order to further minimize loss in pension benefits because of illness, unemployment, and child-rearing.