St Thomas Chamber

Chamber of Commerce representatives have met with Mitzie Hunter, Associate Minister of Finance, to present her with a letter that calls on the government to consider how the Ontario Retirement Pension Plan (ORPP) will affect the province's business competitiveness.Chamber research across Ontario confirms that business is concerned that a new mandatory Ontario pension plan will hurt job creation and the province's overall competitiveness. Though there are many undetermined details, the ORPP, as we understand it today, would require workers and employers to each contribute 1.9 percent of earnings, up to $90,000, annually to the pension plan.Signed by over 50 leaders from Ontario's Chamber Network, the letter we have submitted to the Associate Minister calls on the Government of Ontario to provide employers with answers to six crucial outstanding questions:What will be the impact of a fullyimplemented ORPP?How will the government treat businesses who cannot afford to match mandatory contributions under the ORPP