ontario teachers pension plan
Almost $25 billion was spent on Ontario public school education in 2012/13, $8.3 billion more than a decade earlier.
Despite its reputation, the cost of the CPP is actually above the average for comparable plans based in Ontario.
The recent federal and Ontario budgets produced a plethora of headlines about how the public sector should brace for changes to its costly pension deals. The dramatic language was in part provoked by lines like this from the Ontario budget: Pension costs are one of the fastest-growing line items and the status quo is not an option.