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LD L $2500 per year, he will pay $26 Report From Parliament By Michael Starr, M.P. The Resolution to establish the Canada Pension Plan was in. troduced, debated and passed on Tuesday, March 17th. The Bill itself, outlining this plan in detail, is now in the stage of second reading and in the hands of Members of Parlia- It is a very bulky Bill, composed of some 89 clauses, and is detailed on ment for study. 62 pages. This Pension Plan will only apply to nine provinces, because Quebec has been allowed to ex- clude itself and its people from the benefits of this Act. It cannot be a universal plan be- cause of the exclusion of nearly one-third of the Canadian popu- lation and probably more. It would have been more be- neficial if Quebec had been placed in the same position as the Province of Ontario. This the present Federal Government Instead, they placed Ontario alone in the po- sition of having to decide whe- * ther the Pension Plan shall be chose not to do. enacted or not. All the Parties in Ottawa are in favour of a Pension Plan. However, many members feel that the Plan should receive They feel it It should cover as many people as possi- ble and it should protect ade- quately, widows, orphans and It should also not infringe on existing pension plans, many of which are excellent. Quebec should be careful serutiny. should be universal. other dependents. a participant. These questions in the minds of the members must be satis- fied. Careful and intensive study will be given this Pension Act when it is referred to a Representations committee. will also be made by individuals and groups of Canadians and their suggestions and observa- tions will have to be considered in the weeks ahead, before final passage of this Bill takes place. In introducing the Resolution the Minister explained the Plan, stating that the Pension Plan calls for compulsory participa- tion by employees and for vol- untary participation by the self-employed. The employee will pay an- nually one percent of the first $4500 of his pensionable earn- ings. That contribution will be matched by his employer. This initial low rate will continue in force for fifteen years, followed by a gradual increase over the years, If an employee is making a year and his employer will pay the same. A person who is self-employed will pay $60 a year if he earns $1500 a year. No one can pay more than $90 a year, and those are only the self-employed at the top level of $4600 per year of pensionable earnings. - A person may decide to begin to draw the pension at age 70 or, if retired, at any time after age 6b. Initially, commencing January 1, 1966 ,retired persons of 69 or over may draw pen- sions, A year later the age will be lowered to 68, and so on until in 1970 any retired person 66 or over, may draw his or her pension, The amount of this pension will be made up of two parts, but paid in one cheque. That is, the Canada Pension Plan, the maximum of which will be $76 a month, and the present Old Age Pension of $76, to which everyone is entitled now If an employee has pension- pension. If, after the 10 year period, which is the minimum requirement for a full pension build-up, he retires at age 65, he receives a total of both pen- sions amounting to $111.00 per month. If he works to the age of 70 years--he will receive a total of both pensions amount- ing to $135 per month for the rest of his life. His wife, although never a contributor, may of course re- ceive her own flat rate pension of between $51.00 per month at age 65 or $75 per month if she waits until she is 70. If she able earnings of $3600 per year, | he pays $3.00 a month for his | PORT PERRY STAR, THURSDAY, APRIL 9th, 1964 -- 7 Minor Hockey Comes To A Close Port Perry Minor Hockey Assoc. rolled down the curtain again on another fine season of hockey. The finals came to a close on Mon. Nite this week. Five winners were declared as champions this year. Prosser"s "Tykes", Camp- bell's "Squirts", Hall's "Pee Wees", McMaster's "Bantams", and the Greens "Midget & Juv- enile"., These are the Champ- ions for this year, and so de- for benefits for the widow or widower, age 65 or over, of a deceased pensioner. serving too. As they all work hard at becoming Champions. We would like to take this time, and say thanks to the gentle- men who officiated at these playoff games. It's a tough job, and they handled it flawlessly. Walt Sandison, Mac McMillan, Harry Short, Ross Sweetman, Don Hurst, Jim Burnett, Bob Perry and Harold Jeffrey were the referees, Tyke Champions W L T Pts "Prosser's" ........ 1 0 2 4 "Christie's" ............ 01 2 2 Prosser's win the Champion- Campell's win the Championship 2-0. Squirt Pee Wee Champions W L T Pts "Hall's" cc... 2 0 1 5 "MeGill's" oo... 0 2 1 1 Hall's win the Championship "2-0 with 1 game tied. Bantam Cha mpionship W L T Pts reniern 1 0 2 4 ersesaR-- 0 1 2 2 McMaster wins the Champ. ionship 1-0 with 2 games tied. "McMaster's" "Vernon's" Midget & Juvenile Champions herself has .been a contributor More inforagtion will wm ship 1-0, two games tied. W L T Pts ping her own working years, doubt be forthcoming in a way | Squirt Champions "Greens" oo. 201 5 she ily be Sitio to her Per-| \pat all will Bs able 40 under W L T Pts| Blacks™ _...... 0 2 1 1 sonal Income-related pension. stand the complicated aspects | "Campbell's" ....... 2 0 0 4| Greens win the Championship | Provision is made in the Bill of this Pension Plan. "Kyte's" overseen, 0 2 0 02-0 with 1 game tied. erformer z ; iii INN | '64 Chevrolet Impala Sport Sedan and (background) Impala Sport Coupe '64 Jet-smooth Luxury Chevrolet A hill is just something to admire the view from when you're driving a '64 Chevrolet. With engines up to a 425-hp V8*, getting from one side to the other wouldn't be much _easier if somebody had put a tunnel there. And if Chevrolet can go over a whole motintain so you hardly feel it, you can imagine how it goes over plain old bumps. Jet-smooth, of course. We put a big 'coil spring at all four wheels to soak up the bumps just as fast as they come. As you'd expect, Chevrolet matches per- i Hoe) JIT iy, A GENERAL MOTORS VALUE formance with outstanding luxury, inside that big beautiful Body by Fisher. All kinds of stretch-ouf room, wide thick- cushioned seats, yards of deep-twist carpeting and elegant fabric and vinyl upholstery -- all make you feel good just being there. With all its looks and luxury, you can see how anyone might' get the idea that this great highway performer is a high-priced car. Unless, "of course, they happened to look first at its 'reasonable Chevrolet price. ~~ ' i *Optional as extra cost, C-6640 See your local Chevrolet dealer "Be sure to see Bonanza over channel 6 at 9 o'clock Sunday night." Phone 985-7351 BEARE MOTORS LTD. Port Perry without contributions.