Ottawa, August 5, 2009
2009-072

Archived - Federal, Provincial and Territorial Finance Ministers to Discuss Economy and Retirement Income Adequacy at December Meeting

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The Honourable Jim Flaherty, Minister of Finance, today announced that he will meet with his provincial and territorial counterparts December 17-18, 2009, in Whitehorse, to discuss continuing progress in strengthening Canada's economy and to receive the report of the Research Working Group on Retirement Income Adequacy.

"I'm looking forward to this important dialogue with the provincial and territorial finance ministers as we work together on Canada's economic recovery," said Minister Flaherty. "An important part of that discussion will be ways to increase Canadians' confidence in the future, including confidence they have in the retirement income system."

At their last meeting on May 25, 2009, federal, provincial and territorial finance ministers agreed to create the Research Working Group on Retirement Income Adequacy to expand the knowledge base underpinning the subject of retirement income adequacy. This group, chaired by Ted Menzies, parliamentary secretary to Minister Flaherty, and supported by research director Jack Mintz and finance ministers from British Columbia, Alberta, Manitoba, Ontario and Nova Scotia, is to report to finance ministers and ministers responsible for pensions by the end of 2009. The first meeting of this group was held on July 22, 2009, in Calgary and participants agreed to a work plan, which will culminate in a report to ministers.

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For further information, media may contact:

Chisholm Pothier
Press Secretary
Office of the Minister of Finance
613-996-7861

David Gamble
Media Relations
Department of Finance
613-996-8080

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