Paul Martin has agreed to serve as a special advisor to Ontario’s minister of finance and work with the government on creating a provincial pension plan.
“As the federal government steps back, it’s our responsibility as the province to step forward,” premier Kathleen Wynne told reporters at Queen’s Park on Wednesday. “I want to thank Paul Martin for helping us to make sure that we can put in place a made-in-Ontario solution that will [address] the real issues that are confronting people in the province.”
The former prime minister helped save the Canada Pension Plan in the 1990s when he was the federal finance minister.
While the CPP is sustainable, Martin said it does have a flaw.
“It has the problem that the premier has outlined and that is for middle-income Canadians, as you project ahead, the Canada Pension Plan is not going to be able to do that which it must,” he said.
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