Wynne says Ontario may drop provincial pension

mentalfloss

Prickly Curmudgeon Smiter
Jun 28, 2010
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Wynne says Ontario may drop provincial pension if Trudeau’s Liberals win Oct. 19

TORONTO - Ontario Premier Kathleen Wynne says she would drop the idea of creating a provincial pension plan if Liberal Leader Justin Trudeau becomes the next prime minister.

Wynne says she couldn't convince the Harper government to enhance the Canada Pension Plan, so her government introduced an Ontario Retirement Pension Plan that would mirror the CPP, essentially doubling deductions and benefits.

She says if Trudeau wins the Oct. 19 federal 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, scheduled to begin Jan. 1, 2017, 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 is campaigning with federal Liberal candidates in the Toronto area today, and says she's not worried her attacks on Stephen Harper's Conservatives will make it hard to work with them if they're re-elected.

The Liberal premier says Ontario had "a little bit of a challenge working with Stephen Harper" long before the election campaign began in early August.

Wynne, who has been the most vocal premier in the federal campaign, said the provinces need a government that will work with them on climate change, infrastructure, retirement security and the Syrian refugee crisis.

"I will work with whomever is the prime minister, but I really believe that in this country, at this moment, we have an opportunity to elect a prime minister who understands that working with the provinces and territories is in the best interests of the country," she said.

Ontario voters historically have supported different parties in government at the federal and provincial levels, but Wynne said she's not worried about campaigning herself out of a job in the next provincial election.

"I think the opportunity we have right now is to have a federal government and a provincial government that are on the same page, that are actually pulling in the same direction, and that's exactly what I'm looking forward to," she said.

Wynne says Ontario may drop provincial pension if Trudeau’s Liberals win Oct. 19 | National Newswatch
 

AnnaG

Hall of Fame Member
Jul 5, 2009
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Holy crap. So where was she going to get all this money for this ONPP?
 

Locutus

Adorable Deplorable
Jun 18, 2007
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Wynne says

yeah we already know.

oh hey look here...

Mark Towhey ‏@towhey

Mark Towhey Retweeted CP24
Oh, that's a delicious dilemma. Vote for federal Liberals & provincial Liberals promise not to destroy our economy.

CP24 Verified account ‏@CP24

Wynne: Ont. may drop provincial pension if Trudeau's Liberals win #Elxn42 #cdnpoli

http://www.cp24.com/news/federal-election-2015/wynne-ont-may-drop-provincial-pension-if-trudeau-s-liberals-win-1.2607795 …
 

taxslave

Hall of Fame Member
Nov 25, 2008
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Holy crap. So where was she going to get all this money for this ONPP?

Tax the rich of course. That would be government employees because high costs have driven most of the good paying jobs out of ontario.

Where do you think we'll get the money to support retirees after the curmudgeons are dead?

The smart ones have RRSPs and other investments. The freeloaders as usual squander all their money and expect someone else to pay for their retirement.
 

darkbeaver

the universe is electric
Jan 26, 2006
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RR1 Distopia 666 Discordia
Tax the rich of course. That would be government employees because high costs have driven most of the good paying jobs out of ontario.

The smart ones have RRSPs and other investments. The freeloaders as usual squander all their money and expect someone else to pay for their retirement.

Government employees take a lot less money than banks retard. Can't you read? You have no idea where the real money goes do you?
yer not right your just wrong.
Remind us not to let you collect taxes.
 

mentalfloss

Prickly Curmudgeon Smiter
Jun 28, 2010
39,778
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Tax the rich of course. That would be government employees because high costs have driven most of the good paying jobs out of ontario.



The smart ones have RRSPs and other investments. The freeloaders as usual squander all their money and expect someone else to pay for their retirement.

I have RRSPs but would never look down on those that don't have access to that vehicle.

That's just shameful.
 

petros

The Central Scrutinizer
Nov 21, 2008
109,389
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Soooo. The Fed Libs already said no to being the guarantor.

Try that Nigerian prince in the emails Mr Wynne.

I have RRSPs but would never look down on those that don't have access to that vehicle.

That's just shameful.

Everybody has access to such subsidized R funds. For the same price (or less) as a pack of smokes you can buy a unit in a trade fund with guaranteed or wildcard payouts.

Your ignorance is shameful.