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House Hansard - 155

44th Parl. 1st Sess.
February 7, 2023 10:00AM
  • Feb/7/23 11:02:43 a.m.
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Madam Speaker, inflation is caused by more than 20 different factors, one of which is a labour shortage. The Century Initiative, led by certain McKinsey executives, recommended encouraging people aged 55 to 74 to return to the workforce if they had retired. Pensions are fixed incomes, and pensioners are the most affected by inflation. My question is this. Was increasing pensions for only those 75 and over really just an implementation of the Century Initiative approach, which ultimately hurts those aged 65 to 74?
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