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You are here: Home / Queen's Park / Liberals promise better access to pensions for Ontario’s private-sector workers

Liberals promise better access to pensions for Ontario’s private-sector workers

May 24, 2018 thestar Leave a Comment

By Kristin Rushowy Queen’s Park Bureau Thu., May 24, 2018 “Portable pensions” for workers to take with them from job to job would be created under a provincial Liberal government, Leader Kathleen Wynne says. The Liberals, if elected June 7, would also “remove barriers,” so that outsiders could buy into existing pension plans — even if they have no connection to the company, she said. Given the changing economy, “we have to evolve the supports that people have as well,” Wynne said at a campaign stop in downtown Toronto at Wattpad, an online publishing site where writers post their work to be critiqued by other users. “The parents and grandparents of the young people who work here may have gone into a company and worked in that company for 35, 40 years, and come out with a pension that is allowing them to have a dignified retirement. “That’s not the case for the young people who are working” today, she said. “The changing economy puts that decent retirement into jeopardy …. The reward for a lifetime of hard work shouldn’t be the prospect of spending your golden years struggling to make ends meet.” Article Continued Below Vote now: She noted the Ontario government had pushed the federal government for enhancements to the Canada Pension Plan, but “there are still gaps. “We are going to take the next steps, so that, no matter where you work, you will be able to look forward to a more secure retirement. That is the… [Read full story]




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