6

Ontario’s Liberal budget eyes public service pension cuts: “asking everyone to do their share”


 

As Liberal Premier Dalton McGuinty unveals the provincial budget today, public sector workers face major adjustments, reports the Globe and Mail: “Public-sector employees in Ontario will have to make higher contributions to their pension plans, have their benefits cut or work longer before they can collect retirement pay.”

Ontario is expected to post a budget deficit of $16 billion this year.

Globe columnist Adam Radwanski reminds us of what’s at stake. Ontario is facing a downgrade and possibly an economic disaster unless McGuinty and Finance Minister Dwight Duncan propose a sensible plan to reduce the deficit:

A credit downgrade, threatened by Moody’s Investors Services at the end of 2011, would likely cause borrowing costs to go up. If so, that would force some combination of program cuts and tax increases beyond what any provincial party wants to consider. At the same time, a loss of confidence in the government’s ability to keep its head above water could impede Ontario’s already fragile economic growth. Amid ensuing fears about the province’s long-term ability to maintain its infrastructure, its core programs and its competitive tax regime, skittish investors would be more inclined to take their business elsewhere.

There is little question the budget will bear uncomfortable news for everyone in the province. Quoted by the Toronto Star, Duncan has said of the budget: “We are taking a balanced approach. We will be asking everyone to do their share.”

 


 
Filed under:

Ontario’s Liberal budget eyes public service pension cuts: “asking everyone to do their share”

  1. How can this government expect more from people that already have nothing!! Freezing ODSP and OW does little to help deficit in comparison to what the devastation to these people are. Especially those on disability, they did not ask to be disabled. It is our responsibility to help and support these persons.  Want to really help these people? Pass a law, with appropriate ID persons on ODSP get groceries and necessities  at minimum 50% off. Force ALL apartment buildings to have x amount of units geared to ODSP level income ($465/mth is the rental allowance currently for ODSP). I could go on but you get the idea.   You may ask “who pays for this all”, it’s simple, it should be illegal (as it is immoral) to make a profit on the backs of the disabled. We have to stop this game of “I make more money than you”, corporations do need these gross amounts of profits that they show year after year.

  2. I don’t care about taxes or jobs.
    I just the want the laws ensuring children have rights of access to their family members. 

    •  Your wish is granted and has been for some time! congratulations!

  3. I would like to see the people who “have”, start paying their fair share.  This hit at the middle sector is starting to get to me.  My lab staff at a hospital have already been frozen for 3 years.  Now we have to take a hit again and to our pensions as well.  Why has the “Sunshine List”  seen an increase this last year when there was supposed to be a wage freeze,  I know that my name was not on that list. All I can say is this government is forcing alot of us who are non-union to organize and become union.  They always seem to get what they want.
    After looking at the Sunshine List and seeing what OPG employees make, maybe we should consider a change of employer.  If the government were to decrease all the wages of the sunshine list recipients and to get rid of some of the top heavy government officials, then they might help to cut the budget right there.

  4. Subject: Many families receiving HST rebates are now cut-off
    from tuition grants

     

    For the
    new 30% Ontario Tuition Grant, the family income means cut-off is $160,000. For
    the recent Ontario HST transition benefit, the cut-off was also $160,000. 
    But there is now a big adverse change. The tuition grant cut-off is now based
    on Line 150 gross income in the 2010 tax return instead of Line 236
    adjusted family net income. Many of the same middle class families receiving
    HST rebates are now cut-off from tuition grants (based on the very same 2010
    tax returns). The government advertises the same means cut-off of $160,000, but
    has quietly shifted the calculation significantly to cut-off middle class
    taxpayers (a shifty move). How is this fair? Ask your local MPP and feel free
    to forward this letter. I am not affiliated with any political party or
    organization – just a father with 3 kids trying to get an education- expecting
    the government to play fair with the rules.

    Robert
    Swim

    204
    Timber Drive

    London,
    Ontario

    N6K 4B6

    (519)
    474-2690

    rhswim@sympatico.ca

  5. The spineless worm is going to take on public sector unions?

    Hah!  I think not!  He’ll do what he always does: cave in and claim he didn’t.  Ontario is screwed!

Sign in to comment.