OTTAWA — Ontario Premier Kathleen Wynne is pressing the need for immediate reforms to the Canada Pension Plan to deal with a looming national crisis on retirement security.
She says the provinces and federal government need to come to some national consensus on changes to the plan.
Wynne says her province will forge ahead with its own pension plan next year, in the absence of buy-in on changes to how much the plan pays out in retirement and how much workers will be expected to pay in premiums.
Ontario has been pushing the federal government to make changes to the CPP that are in line with the Ontario Retirement Pension Plan that would start being phased in next year, including higher annual benefits.
Federal, provincial and territorial finance ministers will meet later this month in Vancouver to talk about CPP reforms with the aim of having a deal in place by the end of the year.
Federal officials see Ontario's position in the talks as a key hurdle to negotiating an agreement.
