(June 2, 2015) The Greater Sudbury Chamber of Commerce in partnership with the Ontario Chamber of Commerce (OCC), and a coalition of major Ontario employers are calling on the provincial government to broaden its definition of a comparable pension plan under the Ontario Retirement Pension Plan (ORPP), to be implemented in 2017. In a letter addressed to Premier Kathleen Wynne, a coalition of over 150 businesses, sector associations, chambers of commerce, and boards of trade are today urging the government to expand its definition of pension plan comparability to include capital accumulation plans, including (but not limited to) Defined Contribution plans. This move would ensure that companies in Greater Sudbury that have an existing pension plan for their employees would not be forced to incur this new cost of doing business.
Read the submission here.