Ontario Premier Wynne and Pension Minister Mitzie Hunter defend new Ontario pension plan from business attacks.
The Ontario Government’s proposed Ontario Retirement Pension Plan (ORPP) is hitting a solid wall of business opposition.
The purpose of the plan is to provide a supplement to the Canada Pension Plan (CPP) for the roughly 60% of Ontario workers who lack a defined-benefit workplace pension. The new provincial pension aims to increase retirement incomes of those enrolled by nearly as much as the benefits paid by the CPP.
But Ontario business is doing everything it can to make sure the new Ontario pension plan never sees the light of day.
Ironically, business is backing another newly introduced Liberal retirement savings option – the Pooled Registered Pension Plan (PRPP). On December 8, two separate pieces of legislation were introduced by the Ontario Liberal Government: one enabling an eventual ORPP and the other, PRPP’s. Continue reading
No Ontario Government Action Planned To End Foreign-owned Beer Store Monopoly on Ontario Beer Sales
Looks like the foreign owners of The Beer Store don’t have much to worry about despite recent grumblings that it is time for their 90 year-old beer sales monopoly to be wound up.
The Ontario government may very well end up doing a little tinkering around the edges but inside sources suggest no major changes in the private monopoly are planned. The Beer Store’s iron grip on Ontario beer sales seems safe for now. Continue reading
Ontario’s $2 billion smart meter program for hydro utilities has delivered few benefits for double the original cost, says Ontario’s Auditor-General Bonnie Lysyk.
Ontario’s $2 billion smart meter program for hydro utilities has delivered few benefits for the hefty cost, says Ontario’s Auditor-General Bonnie Lysyk.
In fact, one in six of the 4.8 million meters have not yet transmitted any readings, she found.
And Lysyk took the occasion of her probe of the smart meter program to take a swipe at energy bureaucrats for plunging into the system without proper planning, and making it impossible for consumers to understands their rising hydro bills.
Lysyk took a special jab at Hydro One, which she said incurred about 50 per cent of the cost of the smart meter program — but installed only 25 per cent of the meters. Hydro One is the local distributor in charge of smart meters in Brampton and in much of rural Ontario. Continue reading