Ontario fails to tax corporations effectively, looking to ordinary citizens for bailout.
TORONTO, ON, September 10, 2012: A new way to fight back against proposed pension changes by the Ontario Liberal government is now online. The website A Matter of Trust aims to inform Ontario Public Service Employees Union (OPSEU/NUPGE) members about what the government has proposed to do to their retirement savings but also provide a place for members to voice concerns and find tools to speak out.
Pensions remain one of the biggest concerns for working and soon-to-be-retired people. Right now, in Ontario, Premier Dalton McGuinty and Finance Minister Dwight Duncan are looking for ways out of Ontario’s financial trouble. Instead of looking to corporations to pay their fair share of taxes, they’re looking to members of Ontario’s larger jointly-sponsored pension plans to bail out the government.
Cloaked in talk of making pension funds more efficient and successful, the Liberals are considering the creation of a pension superfund worth $25 billion to more than $100 billion. The government wants to get rid of the joint member-employer trustee structure, appoint its own people and spend people’s retirement savings.
