Letter to the The Honourable Kathleen Wynne, Premier of Ontario:
The Portfolio Management Association of Canada is writing to reiterate our concerns with regard to the Ontario Retirement Pension Plan (“ORPP”) and to urge the Ontario government to postpone the implementation of the ORPP for one year to allow time for meaningful Federal and provincial discussions on CPP enhancement. In this regard, we share the views provided by the Association of Canadian Pension Management (ACPM), The Canadian Life and Health Insurance Association (CLHIA) and The Canadian Institute of Actuaries (CIA),namely, that by proceeding with a 2017 implementation, the Ontario government will negatively impact the ability to identify any broader national consensus for CPP reform.