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National employers face equity questions in deciding on ORPP

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Joe Nunes:

I don’t think we should applaud Ontario for trying to solve a national problem all by themselves with a make-it-up-as-you-go along pension plan that bears little resemblance to the Canada Pension Plan.

I am against expanding the CPP but if we have to as a nation then so be it. But a province-by-province mash up is clearly not a good solution.

The successes we can expect from the ORPP could have mostly been achieved by mandating that employers establish a comparable plan of some sort. This government boondoggle was unnecessary.

(these comments probably don’t get me to the front of the line for an interview to serve on the ORPPAC Board)

Thursday, May 26 at 10:28 am | Reply

Marc Larose:

The big problem with this is that the Ontario government will use that money for their expenses and put the tab on future tax payers. The ORPP should be totally seperate from the government finance like the CPP. A seperate board with a seperate account so that politician has no access to it. Let’s not forget that the Federal Conservative wanted to get their hand into the CPP to spend the money that was accumulated into the funds. We need to take out the political power out of that plan. If not, the future tax payers will pay for it. Look what it is happening in the states. Billions of unfunded liabilities for pensions.

Wednesday, June 01 at 9:05 am | Reply

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