By 2017, all Ontario employees could have access to the Ontario Registered Pension Plan.
Premier Kathleen Wynne proposed the ORPP be created in response to the federal Conservatives’ decision not to enhance CPP, reports moneysense.ca. But, it adds, “some fear the plan’s mandatory contributions would handcuff investors’ autonomy, and leave already stretched workers and employers short on cash.”
On the other hand, the implementation of the pension plan could help Ontarians who are struggling to save on their own. Read more.