Restaurants Canada, a community of restaurants, bars and other foodservice businesses, is urging the Ontario government to raise the Ontario Retirement Pension Plan (ORPP) contribution age from 18 to 25.

In its newly released online campaign, #FixTheORPP, Restaurants Canada argues this change would preserve youth jobs and better suit today’s workplace, where people are joining the workforce later and retiring later. Unemployment among Canadian youth is three times higher than the rest of the population.

Read: ORPP could hurt economy: Survey

“Youth today are enrolled in post-secondary education at record rates,” says James Rilett, Restaurants Canada’s vice-president for Ontario. “As it stands, the ORPP will force them to save for retirement before their careers even start.”

ORPP contributions would cost the average young employee about $300 a year, he notes.

Read: Business, labour groups divided over ORPP

“The ORPP would add an employment tax on youth job creators,” Rilett explains. “Fewer jobs for youth will be an unintended consequence of the new system.”

Copyright © 2020 Transcontinental Media G.P. Originally published on benefitscanada.com

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Yvon Leblanc:

i guess with this logic – they would recommend that young workers also NOT Contribute to CPP before their career starts.

And with that they would enjoy working into their 70’s and 80’s

Thursday, June 11 at 2:23 pm | Reply

Dawn Foster:

There should be an exemption for people of 50 who will never be able to receive a benefit from this ORPP

Tuesday, June 30 at 12:42 pm | Reply

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