TORONTO, Sept. 26, 2012 /CNW/ - The Canadian Federation of Independent
Business (CFIB) welcomes today's announcement by the Ontario Government
to freeze public sector wages for two years.
"We are pleased that Finance Minister Duncan has taken this tough, but
necessary step to fix Ontario's finances," said CFIB president Dan
Kelly. "While Ontario needs to do a lot more to balance the budget, the
Minister deserves credit for having the courage to stand up for
taxpayers against the avalanche of union propaganda that will likely
ensue from this announcement".
CFIB has repeatedly made the case for fiscal restraint. Earlier this
year, we made the following recommendations to help eliminate the
province's $14.8 billion deficit:
Ensure public sector compensation levels are aligned with private sector
norms. CFIB's latest Wage Watch study found that provincial civil servants earn on average about 30 per
cent more in wages and benefits than their private sector counterparts;
Amend the existing arbitration system to respect the public's ability to
Move from a "defined benefit" to a "defined contribution" approach to
public sector pensions, and design a fully voluntary, low-cost, and
easy-to-administer Pooled Registered Pension Plan (PRPP) for Ontarians
to save for their retirement.
"Most Ontario families understand the need for restraint, even if some
of the public sector unions still don't get it," said CFIB Ontario vice
president Satinder Chera. "I hope the three party leaders can set aside
their differences and work together to pass the Protecting Public
As Canada's largest association of small- and medium-sized businesses,
CFIB is Powered by Entrepreneurs™. Established in 1971, CFIB takes
direction from more than 109,000 members in every sector nationwide,
giving independent business a strong and influential voice at all
levels of government and helping to grow the economy.
SOURCE: CANADIAN FEDERATION OF INDEPENDENT BUSINESS
For further information:
To arrange an interview with Dan Kelly, please contact Gisele Lumsden at 416 222 8022 or email email@example.com.