Reason #14: He didn't want to be around when the lights went out.
The report by former Ontario Teacher Pension Plan guru Jim Leech said the pension plans for Ontario Power Generation (OPG), Hydro One (H1), Independent Electricity System Operator (IESO) and the Electricity Safety Authority (ESA) are unsustainable.
For every $1 contributed to the plan by the employee, taxpayers and hydro ratepayers contributed more than $5, the report says.
“In 2012, total contributions from all sources to the four plans were approximately $585 million,” it says.
“Of the $585 million, just over $100 million was contributed from employees.”
All of which is pushing up the cost of electricity.
Here's the real zinger...
Ontario’s net debt has soared by 89% since 2007-08 — a rate faster than that of the federal government or any other province, even Quebec, which also has staggering levels of debt.
Don't blame me, I didn't vote Liberal.
