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June 27, 2014 01:00 AM

New Ontario Cabinet post charged with creating supplemental pension plan

Rick Baert
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    Mitzie Hunter was named associate minister of finance for the province of Ontario, a new Cabinet-level position responsible for the creation of a supplementary provincial pension plan.

    Ms. Hunter was appointed Tuesday by Ontario Premier Kathleen Wynne, an announcement on the Ontario provincial government website said.

    The proposal for a mandatory provincial defined benefit plan to supplement the C$219.1 billion (US$204.1 billion) Canada Pension Plan, Ottawa, had been part of the province's budget plan announced May 1; the budget plan was put on hold when Ms. Wynne called new elections for June 12. Ms. Wynne's Liberal Party won a majority in that election.

    Ms. Hunter will work with a government-appointed panel to roll out the provincial pension fund by 2017.

    Ms. Hunter is also a member of the Ontario Parliament.

    Tiff Blair, spokeswoman for Ms. Hunter, could not be reached for further details.

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