Ontario Pension Plan

Or should I say, Ontario rip-off plan.  Seriously, anyone who thinks this is a good idea, please give your head a good shake.  This is just another Liberal scam that will suck billions of dollars out of the economy.  The Liberals have shown themselves to be such poor managers of our tax dollars that I am CERTAIN that there will be little or nothing to collect the from this fund.  This will be just another slush fund the liberals will use to make their friends rich.  Imagine all the nice cozy jobs there will be for fund management.  Who do you think will get these jobs?  What percentage of the contributions will be swollowed by the ever hungry burocracy with ridiculous salaries, benefits and pension  plans.

I have, should I live so long, about 10 years to retirement.  I have heard that I will not even be able to collect anything from the pension fund, or that the amount will be so small that it will be a waste of paper to print the cheque.  If anyone can dig up some actual numbers, please do.  The only thing I can find is the sunny figures they posted for those who work 40 years.

While most of the liberal media has painted a rosy picture of the pension fund, the national post hast been critical.

http://news.nationalpost.com/full-comment/andrew-coyne-ontario-pension-plan-not-about-helping-retirees-but-financing-infrastructurehttp://news.nationalpost.com/full-comment/andrew-coyne-ontario-pension-plan-not-about-helping-retirees-but-financing-infrastructure

So, what do you think?  Will this help us out, or will it just add more hardship to employers and kill jobs?

 

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One thought on “Ontario Pension Plan

  1. Just another job killing payroll tax aimed at solving a “pension crisis” which both the IMF and OECD have clearly stated does not exist in Canada.

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