Scrapped Ontario pension plan costs $70 million

NEWS RELEASE
Ted Arnott, MPP
Wellington-Halton Hills
FOR IMMEDIATE RELEASE
July 29, 2016

Scrapped Ontario pension plan costs $70 million

(Wellington-Halton Hills) – Kathleen Wynne’s Government has publicly acknowledged that they
spent $70 million on the Ontario Retirement Pension Plan (ORPP), before they scrapped the
idea and signed on to an enhanced Canada Pension Plan (CPP).

“The Ontario Liberals has proven time and time again that they can’t be trusted to effectively
manage our tax dollars,” Wellington-Halton Hills MPP Ted Arnott said. “Whether it’s eHealth,
Ornge, the cancellation of the Oakville and Mississauga gas plants, the green energy debacle,
and now this Ontario pension mess, this Government has an abysmal track record of waste and
mismanagement.”

Mr. Arnott noted that there were far better uses for that $70 million.

“This is money that could have gone to paying down the debt, or hiring more nurses, helping
families with autistic children, or as seed money for an Ontario Green Legacy Programme.
Instead, millions of dollars were flushed down the drain,” Mr. Arnott stated.

The veteran Progressive Conservative MPP also pointed out that despite the fact the ORPP has
been scrapped, there still appears to be a Cabinet Minister whose sole responsibility is to
oversee the implementation of a program that no longer exists.

“Why hasn’t the Associate Minister of Finance, responsible for the Ontario Retirement Pension
Plan, been reassigned?” Mr. Arnott asked.

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Ted Arnott, MPP
Phone: 416-325-3880
Email: ted.arnott@pc.ola.org