Federal Retirees’ Statement on Budget 2025
Today’s federal budget shows some progress but falls short of fully addressing the challenges faced by Canada’s aging population. The National Association of Federal Retirees expresses concern over the lack of meaningful action on key advocacy priorities.
About the National Association of Federal Retirees
With over 170,000 members nationwide, including more than 60,000 veterans from the Canadian Armed Forces and RCMP and their families, the Association champions policies that help Canadians age with dignity, security, and respect.
CEO Anthony Pizzino’s Statement
“This is a pivotal moment for older Canadians, who are feeling the impacts of rising costs of living,” said Anthony Pizzino, CEO of the National Association of Federal Retirees.
“Federal Retirees will be delving into the details in the coming days, but what’s clear already is that Canada needs a stronger, strategic plan to ensure every older adult can age well and retire with financial security.”
Concerns About Public Service Cuts
The budget includes cuts to the federal public service at a time when Canadians rely heavily on a well-funded and effective public service to provide essential programs and supports.
Positive Moves and Government Commitments
The Association welcomes certain measures in the budget:
- Commitment to strengthening retirement benefits for front-line workers.
- Improvements in the timeliness of services for veterans.
“We welcome the government’s commitment to strengthen front-line workers’ retirement and improve the timeliness of services for veterans,” said Pizzino.
Future Consultations on Public-Sector Retirement Benefits
The budget proposes consultations on changes affecting retirement benefits for public-sector employees, targeting future retirees.
Summary: The budget takes initial steps but lacks a comprehensive plan for the aging population, emphasizing the need for stronger actions to secure financial and social wellbeing for older Canadians.