Tuesday, December 10, 2013

Electricity Sector Pensions To Be Reviewed

The provincial Liberals is taking aim at the pension plans of workers with the publicly funded electricity sector.

They're appointing Jim Leech, who was in charge of the Ontario Teachers' Pension Plan, to make recommendations on how to make the plans more sustainable and affordable.

The Liberals say the plans generally require a lower share of contributions from employees with the balance passed onto hydro users through their electricity bills.