Ontario's ORPP - What's Your Opinion?

Keepitsimple · August 11, 2015

I finally understand what Kathleen Wynne is trying to do......and I personally don't like it. For those companies that do not have a workplace pension, workers and employers will be forced to contribute to the ORPP - in addition to their CPP obligations. To be clear - in Quebec - the QPP is a replacement for the CPP - not an addition to. In Saskatchewan, they have a completely voluntary SPP to supplement their CPP.

Today, Wynne announced that the ORPP would be "phased in" - larger companies in year one, medium in year 2 and small businesses last.

Is a mandatory ORPP a good idea - forcing employers and employees to contribute in addition to the CPP?

Ash74 · August 11, 2015

The concept I agree with but I like the Saskatchewan plan better.

Many of the details are still very fuzzy and Wynne has claimed that it will be invested out of arms reach of general revenue but has made comments that it will be invested in infrastructure.

It sounds like she is getting ready to dump this new "revenue tool" into her pet projects.

Also it is going to hurt small businesses. Big businesses will complain but it will be the small ones that suffer. That is the way it usually is

PIK · August 11, 2015

It is not a pension plan , it is a revenue tools as she likes to call new taxes. She has even admitted that the money will be used for infrastructure in Toronto. So the government that brought us ,E-Health , the ORNGE Scandal, gas plants and a hosts of boondoggles are capable of doing this. It is another joke and being mandatory tells you a lot at how desperate this government is for money. Harper was right to say no to this scam When will people learn in this province that there are nothing but cheats and scammers.

DFCaper · August 11, 2015

Between her comments about it being a tool to generate money for infrastructure and the isolating government employees from this pension makes me very weary of it.

I think it is being created so Ontario can have a customer for Ontario Government Bonds. Something I would not invest in for my retirement, unless forced.

socialist · August 11, 2015

The comments section at the G@M speak volumes.

http://www.theglobeandmail.com/news/politics/ontario-to-phase-in-new-pension-plan-beginning-in-2017/article25923202/comments/

Big Guy · August 11, 2015

It depends on your philosophy and vision of how our society should function. The CPP is an attempt to force people into planning for their retirement. I believe that any method that a government can use to force people to become more responsible for their retirement then the better for society as a whole. It takes self discipline and planning to prepare yourself for a comfortable retirement - a trait not too many people seem to have.

There are those who do not believe in any government program for illness or ageing or poor decisions. They feel that those not prepared should starve and die if they cannot take care of themselves. There are others who feel that every Canadian is entitled to a minimal income which allows him/her to live comfortably.

Personally, I survive very comfortably on some investments and the payouts of three pension plans - two of which I was forced to contribute to. I am very happy I did.

I would like to see a means test for government related forced pension plan pay outs.

Edited August 11, 2015 by Big Guy

Ash74 · August 11, 2015

Her timing was perfect. Right before the election was started. If Harper had said yes to help set it up she could have shared the blame with him. Harper said no so now she can have something else to complain about.

Ash74 · August 11, 2015

http://news.nationalpost.com/news/canada/canadian-politics/orpp-ontario-to-start-implementing-new-pension-plan-in-2017

In this article the Liberals cannot even guess how much it will cost.

Ok. Even those of you that are proud Wynne supporters how does this not scare you with their history of spending and screw ups?

Topaz · August 11, 2015

Let's wait for four years and then lets see how GTO votes then.

Edited August 11, 2015 by Topaz

PIK · August 11, 2015

I read that a poll in Toronto show great support for her plan. I think someone should tell her ONT is a lot bigger then just Toronto.

Keepitsimple · August 11, 2015

I read that a poll in Toronto show great support for her plan. I think someone should tell her ONT is a lot bigger then just Toronto.

If they were as confused as I was about what the plan was - then the poll is meaningless. There was a lot of hoopla about "having a pension where there was no workplace pension". What wasn't said was that the ORPP was in addition to the CPP. I actually thought that somehow, it was directed at part-time and contract workers who for some reason didn't contribute to CPP. Now it's clear - it's Nanny-State gone wild. Forcing people to contribute to the ORPP in addition to CPP.

Ash74 · August 11, 2015

It will be used as a new "Revenue Tool" for the government that 25 years from now is going to be yet another huge bill for us to pay.

TimG · August 11, 2015

I believe that any method that a government can use to force people to become more responsible for their retirement then the better for society as a whole.

Then 100% of the "forced savings" should be deducted directly from people's paychecks. Trying to hide the cost by forcing employers to cover the costs is just a payroll tax that adds to the job killing Liberal energy policies. Edited August 11, 2015 by TimG

Ash74 · August 11, 2015

Then 100% of the forced saving should be deducted directly from people's paychecks. Trying to hide the cost by forcing employees to cover the costs is just a payroll tax that adds to the job killing Liberal energy policies.

But according to the Liberals it is all Harper's fault Ontario is no longer the giant it was was. Has nothing to do with anything the Ontario Liberals have done.

http://www.thestar.com/news/queenspark/2015/08/07/ontario-cabinet-minister-blames-conservative-government-for-poor-job-growth.html

Boges · August 11, 2015

The radio ads are horrible.

Ash74 · August 11, 2015

http://www.thestar.com/news/canada/2015/08/11/wynne-to-provide-details-on-new-provincial-pension-plan.html

but only cost a cup of expensive coffee a day. Assuming you work seven days a week.

Combined with the cup of coffee to pay off the gas plant mess.The Ontario Liberals are saving us from drinking too much coffee.

Ash74 · August 11, 2015

http://www.cbc.ca/news/canada/toronto/stephen-harper-delighted-to-slow-down-kathleen-wynne-s-pension-plan-1.3187225

Thank you Steven. About time somebody smacked her down

drummindiver · August 12, 2015

$1500 a year for forty years, collectible when you are 65, if you have contributed for those forty years. Net you get is 6 grand a year. This is not a tax, like mcGuintys health tax of a thou a year that wasn't a tax. Can I get a nuclear face palm? I am soooo glad I have a defined benefit plan and am escaping ontario when I retire.

Edited August 12, 2015 by drummindiver

waldo · August 12, 2015

http://www.cbc.ca/news/canada/toronto/stephen-harper-delighted-to-slow-down-kathleen-wynne-s-pension-plan-1.3187225

Thank you Steven. About time somebody smacked her down

where's the needed reform to CPP from Harper? Well... other than to raise the the eligibility age from 65 to 67 (for OAS/GIS) just what has Harper done for Canadians who will be solely dependent on CPP/OAS/GIS? Should we expect a like Harper "reform" in raising the CPP eligibility age as well?

so just a short while back we get Finance Minister Oliver trotting out this remarkable turnaround where Harper Conservatives announce they may consider a voluntary top-up option for CPP... something verboten by Harper for so many years... claiming that it would put a burden on employers, dampen employment prospects, discourage private investment, etc.. Other than as a standard election goody offering... just what caused this big-time turnaround, hey? It seems those same concerns Harper raised against the voluntary CPP top-up, are the same lines he's thrown out against ORPP - yes?

Ash74 · August 12, 2015

where's the needed reform to CPP from Harper? Well... other than to raise the the eligibility age from 65 to 67 (for OAS/GIS) just what has Harper done for Canadians who will be solely dependent on CPP/OAS/GIS? Should we expect a like Harper "reform" in raising the CPP eligibility age as well?

so just a short while back we get Finance Minister Oliver trotting out this remarkable turnaround where Harper Conservatives announce they may consider a voluntary top-up option for CPP... something verboten by Harper for so many years... claiming that it would put a burden on employers, dampen employment prospects, discourage private investment, etc.. Other than as a standard election goody offering... just what caused this big-time turnaround, hey? It seems those same concerns Harper raised against the voluntary CPP top-up, are the same lines he's thrown out against ORPP - yes?

I am all for the voluntary top up. Free will and all. I am not even being greedy because I have a pension that should get me out of paying Wynne more money.

I also think Harper is wrong about not increasing CPP.

I just know and I only have history to go on. The Ontario Liberals have no clue what they are doing here and I am sure, I mean I would bet money. This is going to get screwed up.

drummindiver · August 12, 2015

where's the needed reform to CPP from Harper? Well... other than to raise the the eligibility age from 65 to 67 (for OAS/GIS) just what has Harper done for Canadians who will be solely dependent on CPP/OAS/GIS? Should we expect a like Harper "reform" in raising the CPP eligibility age as well?

so just a short while back we get Finance Minister Oliver trotting out this remarkable turnaround where Harper Conservatives announce they may consider a voluntary top-up option for CPP... something verboten by Harper for so many years... claiming that it would put a burden on employers, dampen employment prospects, discourage private investment, etc.. Other than as a standard election goody offering... just what caused this big-time turnaround, hey? It seems those same concerns Harper raised against the voluntary CPP top-up, are the same lines he's thrown out against ORPP - yes?

Clearly, it's Harpers fault the largest population demographic..baby boomers..are headwd or into retirement age right now. Huge strain on the resources and less ppl to help fill the coffers. Damn that Harper for the millions of ppl having babies from 1945-1965. And damn that ppl aren't dying as early as they used to, working into their seventies and clinging g onto life into their eighties and nineties. Clearly, this unsustainable series of events is no ones fault but Harpers. Can I get an oye vei? Edited August 12, 2015 by drummindiver

waldo · August 12, 2015

I am all for the voluntary top up. Free will and all. I am not even being greedy because I have a pension that should get me out of paying Wynne more money.

I also think Harper is wrong about not increasing CPP.

I just know and I only have history to go on. The Ontario Liberals have no clue what they are doing here and I am sure, I mean I would bet money. This is going to get screwed up.

Harper refuses to do anything to seriously reform CPP... and he presumes to interject himself in the design/intent another province has to step-in and fill the vacancy left by Harper's unwillingness to do anything!

waldo · August 12, 2015

Clearly, it's Harpers fault the largest population demographic..baby boomers..are headwd or into retirement age right now. Huge strain on the resources and less ppl to help fill the coffers. Damn that Harper for the millions of ppl having babies from 1945-1965. And damn that ppl aren't dying as early as they used to, working into their seventies and clinging g onto life into their eighties and nineties. Clearly, this unsustainable series of events is no ones fault but Harpers. Can I get an oye vei?

geezaz! That's quite the whining unwillingness to acknowledge just who is running the government... has been for the last decade? Is there any chance you'll ever accept your favoured leader/party actually has a responsibility to Canadians to reform CPP?

.

drummindiver · August 12, 2015

Harper refuses to do anything to seriously reform CPP... and he presumes to interject himself in the design/intent another province has to step-in and fill the vacancy left by Harper's unwillingness to do anything!

What?????

Harpers fault if he lets Wynne further decimate Ontario jobs with her ludicrous plan.

Harpers fault if he doesn't let Wynne go ahead and decimate Ontario jobs with her ludicrous plan.

waldo · August 12, 2015

What?????

Harpers fault if he lets Wynne further decimate Ontario jobs with her ludicrous plan.

Harpers fault if he doesn't let Wynne go ahead and decimate Ontario jobs with her ludicrous plan.

your opinion is noted... I also note you skipped on by my pointing out that your "decimate jobs" talking point was (one of) the same ones used by Harper in previously railing against the voluntary CPP top-up option... did he find religion, or what?