The Ontario Finance Ministry will conduct a cost-benefit analysis of the province’s proposed supplemental defined benefit plan as part of a bill approved Wednesday (April 29, 2015) by the Ontario Legislature. The bill forms the administrative foundation of the Ontario Retirement Pension Plan, which is expected to begin in January 2017. ORPP would be a supplement to the C$238.8 billion ($194.9 billion) Canada Pension Plan, Ottawa. The cost-benefit analysis must be submitted to the provincial Legislature by December 31, 2015 according to the bill. The analysis will presumably inform the government and the public on just how much a plan will cost. The idea of an Ontario Pension is popular with some wage earners but feared by business as another slush fund for spending. The story is in Pensions and Investments, a publication of the U.S-based specialty publisher Crain.
