CPP changes on the drawing book

Federal Finance Minister Jim Flaherty. (Reuters)

Federal Finance Minister Jim Flaherty. (Reuters)

Mark Dunn, Senior National Reporter

, Last Updated: 6:19 PM ET

CHELSEA, Que. - Changes to the Canada Pension Plan are coming - but Canadians will have to wait until June to learn how much it could cost and when they could kick in.

After meeting his federal and provincial counterparts, Finance Minister Jim Flaherty says that while there was little appetite for an immediate overhaul of the CPP, there was consensus for yet-to-be defined "modest" enhancements.

He said officials will hammer out scenarios including "economic triggers" like the unemployment rate and real GDP growth or both that could be used to update a plan many Canadians count on in retirement.


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