TORONTO, Jan. 23, 2014 /CNW/ - Ontario's professors and academic
librarians are welcoming the news that former Prime Minister Paul
Martin will help develop a new Ontario Pension Plan. Martin's
appointment was announced yesterday by Premier Kathleen Wynne.
"A consensus is building that that an enhanced public pension plan is a
desirable solution to the growing retirement income security crisis for
the middle class in Ontario," said Kate Lawson, President of the
Ontario Confederation of University Faculty Associations (OCUFA). "The
provincial government has been signaling since 2010 that if the federal
government failed to act on this file, Ontario would move on its own.
We are pleased that the Wynne government is following through on this
Martin will work as an unpaid Special Advisor to Minister of Finance
Charles Sousa. He has extensive experience on pension plan reform,
having led the last major revision of the Canada Pension Plan in the
1990s. While there is no clear timeline for introducing the new Ontario
plan, it will likely inform the Ontario Liberals' election campaign.
Recently, there has been increasing concern in policy circles that the
current CPP will not meet the needs of future retirees.
"OCUFA has supported and applauded this government's leadership on CPP
reform because we believe it plays an important part in securing
adequate retirement incomes for faculty generally, and for contract
faculty in particular," said Lawson. "In fact, a new provincial plan
stands to benefit all Ontarians. We look forward to participating in
the development of a made-in-Ontario plan."
Founded in 1964, OCUFA represents 17,000 faculty and academic librarians
in 27 faculty associations across Ontario. For more information, please
visit the OCUFA website at http://www.ocufa.on.ca.
SOURCE: Ontario Confederation of University Faculty Associations
For further information:
contact Graeme Stewart, Communications Manager at 416 306 6033 (office), 647 241 7011 (mobile), email@example.com
Mark Rosenfeld, Executive Director, 416 306 6030, firstname.lastname@example.org