Canadian opposition pledge to expand CPP

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CANADA - Opposition Liberal Party Leader Michael Ignatieff has proposed a "gradual expansion" of the Canada Pension Plan (CPP) and pledged an extra C$700m ($720m) in annual payments to older people on low incomes.

Ignatieff said a Liberal government would also introduce a new "Secure Retirement Option" that would offer Canadians a simple, voluntary, tax-deductible savings option backed by the publicly-run CP...

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