Wynne says proposed made-in-Ontario pension plan is 'not a tax'

Ontario Premier Kathleen Wynne at Queen's Park on January 28, 2014. (ANTONELLA ARTUSO/QMI Agency)

Ontario Premier Kathleen Wynne at Queen's Park on January 28, 2014. (ANTONELLA ARTUSO/QMI Agency)

Antonella Artuso, QMI Agency

, Last Updated: 7:22 AM ET

TORONTO — Most employers and employees would have to pay into a proposed made-in-Ontario pension plan to make it work, Premier Kathleen Wynne says.

The Ontario government named a technical advisory group Tuesday to help develop a provincial retirement security system that would be an addition to the existing federal CPP plan.

“There needs to be a mandatory aspect to this in order to have the number of people involved that makes it a viable plan,” Wynne said. “But some of the plans that exist in other jurisdictions, there’s an opt-out clause. So people actually will have a choice to be able to opt out.”

Wynne suggested that Ontarians who have saved enough for their golden years could choose not to participate in the plan, although she said the experience in other jurisdictions shows few people do.

The Ontario and federal governments are at odds over how to get citizens to save more for their retirement.


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