Thursday, May 29, 2014

Fraser Institute Reviews Ontario Pension Plan

The Fraser Institute is throwing cold water on the Liberal's plans to create an Ontario Pension Plan.

The Conservative think-tank suggests it will costs Ontarians up to $3,400 a year - nearly $7-thousand for a working family.

The proposal calls for workers to contribute 1.9 per cent of their earnings to be matched by employers.

The Institute suggests that will reduce household spending and the standard of living.

It also believes employers will make cuts in other areas to offset its share.