Liberals introduce bill to create provincial pension plan

The liberals are introducing a mandatory provincial pension plan that could kills jobs.

The bill is set to be placed January 1st 2017. It’s a bill for retirement pensions plans that give pensions to people who’s work places do not cover it. It’s a bill that has a lot of consequences such as requiring employees to each pay 1.9 percent to Ontario Chamber of Commerce, which will result in less jobs.

This plan will enable places to spend more money when hiring people and will hurt competitiveness. The Progressive Conservatives also warned that Ontario’s weak economic recovery could be stalled by mandatory pension contributions from employers.

Instead of helping to improve the pension plans we already have, why are we trying to create our own retirement pension?

– Bneet Bhamra

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