The country's finance ministers are pushing for changes to the Canada Pension Plan (CPP).
Ontario Finance Minister Charles Sousa says the "tsunami of retirees" that is expected over the next few years will impact provinces all across Canada. He says those who rely on CPP won't be able to survive on how much will be given to them under this current system.
The ministers met in Toronto today to draw up an outline of what they'd like to see.
The group wants a new-look CPP to protect lower income workers and improve retirement incomes for the middle class. Sousa also says they always want the short term effects for both families and businesses to be small.
Sousa underlines it should be fully funded and focus on young workers.
He says all finance minister believe there's a problem with the current CPP model.
The group will meet with their federal counterpart in December.