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pension benefits annually. The maximum increase in benefits would be $11,250 almost double the current maximum benefit under the existing plan. The PEI proposal states that these changes would be phased in over a relatively short period of time (two to three years). Further, Minister Sheridan argues that the new contributions are not taxes because they are buying real benefits. It is not easy to amend the CPP. It requires the approval of 2/3rds of the provinces with 2/3rds of the population of Canada (including Quebec). That is why previous reform proposals have failed. The PEI proposal now has the public backing of the Province of Ontario. Other provinces and the federal government are taking more cautionary stances worrying about new workplace costs in a shaky economy. Clearly, this proposal is carefully thought out and deserves serious consideration. It is hoped that it will receive the very wide public review and government consideration it deserves. Robert Brown is an expert advisor with EvidenceNetwork.ca and a Fellow with the Canadian Institute of Actuaries. He was Professor of Actuarial Science at the University of Waterloo for 39 years and a past president of the Canadian Institute of Actuaries.