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A Submission in Response to Finance Canada's Regulatory Framework for Federally Regulated Defined Benefit Pension Plans consultation:

Dear sirs

In view of the fact that the primary problem soon to be faced by our society is inadequate provision by Canadians for retirement, may I suggest that some consideration be given to allowing all pension plan participants to make further voluntary tax deductible contributions to their pension plans for years when they were not participants in those plans. Provided of course that the final pension benefit from all sources would be limited to that which would have been allowed if in fact they had participated in the plan from the beginning of their working lifetime. Alternatively total contributions/pension benefits could be partly based on age at retirement to allow for contributions for years which would not otherwise be credited due to unemployment, illness or other circumstances. Obviously current employers could not be expected to match any such voluntary contributions so perhaps it would be a good idea to allow even greater  contributions for older employees to compensate for gaps in their employment record.

Yours Sincerely

Personal submission: name withheld on request.