Oct 13, 2015
By Michael Kramer
Ontario’s Premier says she would go no further with the idea of creating a provincial pension plan – if Liberal Leader Justin Trudeau becomes the next prime minister.
Kathleen Wynne says she couldn’t convince the Harper government to enhance the Canada Pension Plan – and that’s why her government introduced an Ontario Retirement Pension Plan that would mirror the CPP – and essentially double deductions and benefits.
And she says if Trudeau wins the October 19th election and is willing to improve the CPP – that would be “the solution” to her concerns about people not having enough money to live on when they retire.
Trudeau has been campaigning on a promise to expand the CPP – and to return the age of eligibility for old age security to 65 from 67.
The Ontario pension plan is scheduled to begin January 1st, 2017.
It will require mandatory contributions of 1.9 per cent of pay from employers – and a matching amount from workers – at any company that does not offer a pension.
Wynne also adds she’s not worried that her attacks on Stephen Harper’s Conservatives will make it hard to work with them – if they’re re-elected.