Pension reform in Canada ‘truly historic’

Bloomberg featured an interview with UBC economist Kevin Milligan on the topic of pension reform in Canada.

The country’s finance ministers reached an agreement in principle to expand the Canada Pension Plan. Only Manitoba and Quebec are holdouts.

Milligan said the deal is “truly historic,” although there is a concern it will lead to the country over-covering people with low incomes.

The story also appeared on MSN.