A deal could be in the works to enhance the Canada Pension Plan so that the new Ontario Retirement Pension Plan will not need to be implemented. The Ontario scheme is supposed to launch in 2018 with workers at companies with 500 employees or more that do not have pension plans contributing 0.8 per cent of their pay to the ORPP. “We are very eager and have been from the beginning to see a CPP enhancement. That was our starting point,” Wynne told reporters Wednesday in Windsor. “We’ve developed the ORPP plan because we had a previous federal government that wasn’t interested in having this discussion about a retirement security crisis across the country,” she said, referring to former Conservative Prime Minister Stephen Harper’s administration.
Source: thestar June 15, 2016 20:45 UTC