Ontario to scrap provincial pension plan after CPP deal

The Ontario Liberal government will scrap its plan to create an Ontario Retirement Pension Plan (ORPP) the CBC has been told by Finance Minister Charles Sousa. As telegraphed by the premier many weeks ago, a deal to enrich the Canada Pension Plan would be the key to scrapping the ORPP. Agreement on the CPP deal was reached at a meeting of finance ministers over the weekend culminating with the announcement Monday evening. CPP increase by 8 provinces but is that enough?