TORONTO — Premier Kathleen Wynne is expected to provide more details today about Ontario’s new pension plan.
The plan hit a snag in July when the federal government refused to co-operate with a provincial request to help administer the Ontario Retirement Pension Plan.
Wynne has said that Prime Minister Stephen Harper was playing politics with his refusal to help and she has vowed to proceed without the federal government’s assistance.Ontario passed legislation in April to create a provincial pension plan for more than three million people who do not have a workplace pension plan.
Workers will be required to contribute 1.9 per cent of their pay to the plan, to a maximum of $1,643 a year, which employers will have to match that for each employee.
Wynne will be joined at a news conference this morning by Finance Minister Charles Sousa.