Accessibility/Mobile Features
Skip Navigation
Skip to Content
Editorial News
Business
Classified Sites

The Canadian Press - ONLINE EDITION

Ontario civil servants to pay half of retiree benefits premiums

TORONTO - The cash-strapped governing Liberals are going to require Ontario civil servants to pay more for their retirement benefits.

The government says public sector employees retiring in 2017 and later will have to pay half of their benefits premiums for life, health, dental and vision coverage.

Currently, the government pays 100 per cent of the premiums.

It says it will also change the eligibility period for retiree benefits from 10 to 20 years for workers who are hired from Jan. 1, 2017 onward or who have less than a decade of pension credit by that time.

The government says current retirees won't be affected by the changes, which it says will bring retiree benefits in line with other public sector organizations and save the province $1.2 billion over five years.

The announcement comes a week after the federal government proposed changes that would have its public sector retirees pay for half of their premiums, up from the current 25 per cent. Those changes would affect current retirees.

The Liberals also note that employees in Saskatchewan, Alberta, Manitoba, P.E.I., New Brunswick and British Columbia all pay 100 per cent of premiums if they elect to participate in benefit plans following retirement.

"We must continue to manage costs in a responsible and fair way," Finance Minister Charles Sousa said in a release.

"With half of all government spending going to compensation, including post-retirement benefits, managing these costs is essential to ensuring sustainable public services that Ontarians rely on."

The Ontario Liberals, who are facing a nearly $12-billion deficit this year, have been eyeing benefits and pensions as they look to curb costs and eliminate the red ink.

They say there are more than 84,000 active members of the Ontario Public Service and other employers enrolled in Ontario Public Service pension plans, and about 3,000 to 4,000 employees start collecting a pension and receive retiree benefits each year.

  • Rate this Rate This Star Icon
  • This article has not yet been rated.
  • We want you to tell us what you think of our articles. If the story moves you, compels you to act or tells you something you didn’t know, mark it high. If you thought it was well written, do the same. If it doesn’t meet your standards, mark it accordingly.

    You can also register and/or login to the site and join the conversation by leaving a comment.

    Rate it yourself by rolling over the stars and clicking when you reach your desired rating. We want you to tell us what you think of our articles. If the story moves you, compels you to act or tells you something you didn’t know, mark it high.

Sort by: Newest to Oldest | Oldest to Newest | Most Popular 0 Commentscomment icon

You can comment on most stories on brandonsun.com. You can also agree or disagree with other comments. All you need to do is register and/or login and you can join the conversation and give your feedback.

There are no comments at the moment. Be the first to post a comment below.

Post Your Commentcomment icon

Comment
  • You have characters left

The Brandon Sun does not necessarily endorse any of the views posted. Comments are moderated before publication. By submitting your comment, you agree to our Terms and Conditions. New to commenting? Check out our Frequently Asked Questions.

letters

Make text: Larger | Smaller

Brandon Sun Business Directory
Submit a Random Act of Kindness
Why Not Minot?
Welcome to Winnipeg

Social Media

Canadian Mortgage Rates