Opposing views on the ORPPRelease Date: 02/27/2015 Source: Investment Executive Staff Reference: Brent Mizzen
Debate is heating up over the features and application of the proposed public pension plan taking shape in Ontario
By James Langton | March 2015
The Ontario government is forging ahead with the construction of a new provincial pension plan - the Ontario Retirement Pension Plan (ORPP) - which was promised in last year's budget and aims to launch in 2017. Last December, the government issued a consultation paper that presents the initial design ideas for the plan and seeks feedback.
While the government is not publishing the responses it has received regarding the consultation (which closed on Feb. 13), several organizations in the financial services sector have published their submissions - which argue against the proposed ORPP.