The Ontario Retirement Pension Plan: Putting Jobs at Risk

Ontario Retirement Pension Plan Putting Jobs at Risk Ontario's restaurants are the No. 1 source of first jobs. It's unfair to young workers and their employers to start charging ORPP premiums at age 18. HELP WANTED This is a job killer. The Issue The ORPP, or the Ontario Retirement Pension Plan will This will cost a student working a part-time job $300 a year! Employers in the restaurant industry will pay an extra $78 million in payroll taxes! be coming in 2017. It's tough enough to find your first job. The ORPP will make it even harder. The youth unemployment rate is 2.3 times higher than the adult rate. Ontario's Unemployment Rate 15 Adult Unemployment Rate (25+)* Ontario has 155,000 unemployed young people. 10 5.3% 14.8% Youth Unemployment Rate (14-25)* The Restaurant Industry is the #1 source of first time Age Group jobs. Youth (15 - 24) Adult (25+) *From January - August 2015 A Simple Solution It's easy! Instead of charging ORPP premiums at age 18, raise the contribution age to 25. This keeps more money in the hands of young workers and makes it easier for employers to keep creating youth jobs. Our calculations show that starting contributions at age 25 would have no impact on an individual's ORPP benefits. Restaurants Link: http://bit.ly/1FFUA5K Canada y GRestaurantsCA