Youth Pensions/Green Unjobs
An expensive city, living in vancity is particularly prohibitive for young people trying to get off to a good start. But we want them, and we need them. Finding ways and places to help them stay will also make a more compact, dense and green city.
So offer them an early pension loan for up to 12 years, provided that they’ve graduated from high school. Tax-free and the equivalent of current monthly cpp payouts, accessing the option means assigning post-age 65 cpp earnings for equivalent period of time. If they really want to, they can work too, but no pressure. They’re going to have to work until they’re 80 anyhow, so why not get them off on the right foot, and enjoy retirement while they can? To do so, the city issues a municipal bond, guaranteed by future cpp earnings that have been assigned by youth pensioner.
Will require hiring a few actuaries (green jobs, mind you), but will help ensure that a lot more youth can afford to live in Vancouver. Working less also means emitting less.
This is not just about green but in general about youth and job creation in Vancouver.