WATCH: Ontario plans for pension to be included in the budget

Province strikes another panel to advise on the issue

Another panel is making its way down to Queen's Park and this time, it's on pensions.

The provincial government hasn't been shy about admitting it will move ahead with creating some sort of Ontario Pension Plan after Ottawa rejected CPP reform.  

The Premier says the province's plan will be revealed this spring and included in the budget. This will be right before an expected election.

Kathleen Wynne brushes aside criticism that this is a tax, underlining the money isn't going into the Treasury rather investments for Ontarians after retirement.

She says she wants Ontario's plan to be mandatory.

The advisory panel is headed by former Prime Minister Paul Martin, who was announced as a special advisor on the issue last week.

Leave a comment:

showing all comments · Subscribe to comments
  1. Angry Bill posted on 01/28/2014 04:13 PM
    It could be argued by some that this might be a good idea. That presupposes, of course, that this liberal government could be trusted with more of our hard-earned money. Or that they would then manage that money efficiently, and it will go towards what they said it would go towards.

    That's a lot of presupposition, particularly for a government famous for not only abusing tax payers' money, but for lying about what they said they would do on many different occasions.

    Frankly, I think a higher chance exists of me seeing Satan driving a snowmobile to work.
  2. Frankie posted on 01/28/2014 04:48 PM
    Allowing this gov't to create another pension plan would be like giving Bernie Madoff money to invest. This Liberal gov't is one of the most fiscally incompetent in Ontario history and giving them more money to manage would be completely irresponsible.

    I really hope the other 2 parties prevent it from being implemented.
showing all comments

Sign Up For Breaking News Alerts

Becoming a member only takes 60 seconds! Members get access to exclusive information and products that non-members do not, including concert ticket presales, trips, advance notice on upcoming entertainment events, movie screening passes, music giveaways and more!

Login with Facebook

Top Stories

Today's Poll

Toronto has one team in the playoffs. The Raptors begin their quest for NBA glory. How far do you think they'll go?

Voting is restricted to one vote every 24 hour(s) VoteResults


Stay connected 24/7! Receive breaking news and programming alerts right to your inbox. CLICK HERE to sign-up.