Report on the sustainability of electricity sector pension plans to the Minister of Finance [electronic resource] : by the Special Advisor.

"The 2013 Budget noted that pensions are a key part of the total compensation of public-sector workers, and that many public-sector pension plans, like their private-sector counterparts, are facing sustainability challenges. In that Budget the government committed to engaging with both employer and labour representatives on the challenges facing electricity sector plans. Specifically, the government announced its intention to establish a government-led industry Working Group to address pension issues associated with the single-employer pension plans at Hydro One (H1), Ontario Power Generation (OPG), the Independent Electricity System Operator (IESO) and the Electrical Safety Authority (ESA). This Report is intended to inform and help frame the efforts of this Working Group by setting out a starting point - beginning with the current status and outlook of the plans - and providing advice on a roadmap and potential destination that is both affordable and sustainable."--Introduction.

"The 2013 Budget noted that pensions are a key part of the total compensation of public-sector workers, and that many public-sector pension plans, like their private-sector counterparts, are facing sustainability challenges. In that Budget the government committed to engaging with both employer and labour representatives on the challenges facing electricity sector plans. Specifically, the government announced its intention to establish a government-led industry Working Group to address pension issues associated with the single-employer pension plans at Hydro One (H1), Ontario Power Generation (OPG), the Independent Electricity System Operator (IESO) and the Electrical Safety Authority (ESA). This Report is intended to inform and help frame the efforts of this Working Group by setting out a starting point - beginning with the current status and outlook of the plans - and providing advice on a roadmap and potential destination that is both affordable and sustainable."--Introduction.

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2014

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