HERE COMES MADE-IN-ONTARIO PENSION PLAN

Apr 27, 2014

By Bob Komsic

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The provincial Liberals present their budget this week.

Word is they’ll announce a new Ontario Pension Plan.

According to sources, it’ll expand on the foundation of the Canada Pension Plan, meaning among other things, a fully funded scheme supported by workers for their own retirement – not one where retirees take money from the young.

Apparently, low-income workers would pay proportionately lower benefits or be exempted altogether.

Ottawa’s repeatedly said no to a plea from provinces like Ontario and groups like CARP – a new vision of aging – to update the CPP.

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