THUNDER BAY -- The province’s introduction of legislation that would create a pension plan for Ontario has been met with mixed reviews.
The Kathleen Wynne-led Liberal government is making good on a campaign promise to create a pension plan for this province, and the first step toward introducing that legislation took place at Queen’s Park Tuesday.
Thunder Bay Chamber of Commerce President Charla Robinson says there are questions and concerns about additional costs and the potential for this to reduce employment rates. But Social Planner and researcher Saku Pinta says it would only cost an additional 1.9 per cent for employers and employees.
For those who will struggle to survive on little-to-no pension and retirement savings, it could be of great assistance.
Robinson adds that the province also introduced an additional piece of legislation that would create a pooled pension plan which companies and employers could choose to be a part of
(TBT News)
