Wynne reiterates call for pension reform

If the federal government won't do it, Ontario will.

That's the message from Premier Kathleen Wynne, who said Monday the province will go ahead with a plan for pension reform.

"Our belief is that it shouldn't matter whether you live in Altona, Man. or Summerside, P.E.I., or Toronto or Ottawa," she said. "Workers today will all face the same retirement challenges and the same income gap tomorrow."

Wynne said they are still holding on to hope the federal government will make enhancements to the Canada Pension Plan, but is reiterating that Ontario will be taking steps to protect its seniors.

Last week representatives from Manitoba and Prince Edward Island joined Ontario's technical advisory group on retirement security.

Wynne, who was in Ottawa Monday met with the chair of the local chapter of CARP, a national group that advocates for financial security.

"As the province moves forward, Ontario's solution must be universally accessible and affordable to contributors, large enough to offer stable and predictable benefits and withstand major shocks including economic, demographic and political volatility," said Janet Graym the chair of the CARP Ottawa Chapter.

She said the plan must also include features like employer contributions, mandatory enrollment, professional management with low fees, good governance and accountability to plan members independent of government.

Gray said it should also allow other provinces to join.

Leave a comment:

· Subscribe to comments
Be the first to comment here!