The Canadian Federation of Pensioners (CFP) was formed in 2005, to bring together retiree groups for the purpose of exploring pension plan issues from a pensioner point of view. CFP is currently focusing on the need to improve the long term security of single employer defined benefit pension plans (DB plans) by:

• Participating in government and other forums that have been formally established to review issues and challenges with DB plans; and
• Identifying pensioner issues with respect to current Canadian legislation when an employer’s business is sold or merged, declared insolvent, bankrupt or is forced to wind-up, and the pension plan is underfunded.

CFP is a growing organization and currently has nine actively involved pensioner groups, whose DB plans are sponsored by a wide spectrum of businesses CFP’s individual members encompass retired corporate officers, senior executives, management, non-management, union and professional employees. In addition to its affiliate groups CFP liaises with a number of other retiree groups.

As well as the Single Employer Pension Plan (SEPPs), CFP also actively acknowledges and supports the need for alternative plans such as Multi Employer Pension Plans (MEPPs), Jointly Sponsored Pension Plans (JSPPs), and Designated Individual Member Pension Plans. It is CFP’s position that well-designed and adequately-funded defined benefit plans provide the best assurance that workers will have adequate and on-going means to support themselves when they eventually retire from the work force.