Posts Tagged 'Ontario pensions'

Minister unveils changes to Ontario pensions

via globeandmail.com

Ontario Finance Minister Dwight Duncan unveiled a slew of changes Tuesday which he says will stabilize and strengthen the province’s pension system.

Some of the changes apply to Ontario’s pension benefits guarantee fund, which provides pensioners with up to $1,000 a month if a private-sector plan fails to provide its full benefit, or any at all.

Ontario is the only province that has such a fund, and the government has repeatedly said that it’s dramatically under-funded.

Mr. Duncan says he won’t follow ...

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