James Keohane, president and CEO of the C$47.4 billion (US$42.6 billion) Healthcare of Ontario Pension Plan, Toronto, and Keith Ambachtsheer, director of the Rotman International Centre for Pension Management at the University of Toronto, are among six people appointed to a new advisory group advising the Ontario provincial government on retirement security.
Among the options the group will consider is creating a provincial pension plan to supplement the C$192.8 billion Canada Pension Plan, Ottawa.
The other appointees announced Tuesday by Ontario Premier Kathleen Wynne are David Denison, former president and CEO of the CPP Investment Board, which manages CPP's assets; Melissa Kennedy, general counsel to the C$129.5 billion Ontario Teachers' Pension Plan, Toronto; Bill Morneau, executive chairman of Canadian human resources consultant Morneau Shepell; and Susan Eng, vice president of the Canadian Association of Retired Persons.
The group will report to Paul Martin, former Canadian prime minister, who was appointed by Ms. Wynne on Jan. 22 as special adviser on retirement security.
Ms. Wynne and Charles Sousa, Ontario finance minister, announced in December they would consider creating a provincial supplemental plan to the CPP after efforts to create a national one were rejected in talks between the Canadian government and provincial finance ministers.
Messrs. Ambachtsheer and Morneau and Ms. Eng had already been advising the Ontario government on the proposed supplemental plan.