CPP seen
to be insufficient, ORPP needed
Most think ORPP needed even if CPP expanded
TORONTO November
5th, 2015 - In
a random sampling of public opinion taken by the Forum Poll™ among 1158 Ontario
voters, the majority agree that the Canada Pension Plan, or CPP, in replacing
about 25% of pre-retirement income, is insufficient (52%), while just one
quarter think it’s about right (27%) and very few think it too much (5%).
Belief CPP is too little is common to the least wealthy (less than $20K - 64%),
in Northern Ontario (65%), among New Democrats (61%) and Greens (60%).
Plurality approves of ORPP to supplement CPP
Close
to one half of voters approve of the newly created Ontario Retirement Pension
Plan, or ORPP when it is explained it is intended to supplement CPP (44%),
while about one third disapprove (34%) and more than a quarter don’t know
(27%). Approval of the ORPP is common to younger voters (35 to 44 - 49%), the
least wealthy (less than $20K - 52%, $20K to $40K - 59%),
in the Toronto 416 area code (49%), among Liberals, of course (64%) and New
Democrats (53%) but not PCs (21%). It is also common to mothers (53%) and the
best educated (post grad 52%).
Plurality thinks ORPP will be needed even if CPP expanded
Roughly
3-in-10 (29%) see no need for pension expansion, either at the federal level
with CPP (3%) or at the provincial level with ORPP (26%). The largest group of
voters, just less than a third, believes ORPP will be necessary even if, as the
new Prime Minister has promised, CPP is enhanced (31%). About half this
proportion believe ORPP is only a stopgap measure until the federal government
enhances CPP (17%). The oldest are most likely to think ORPP is only a stop gap
(21%), while the young mid aged are especially likely to see the need for both
CPP expansion and ORPP (36%).
“Canadians
think a lot about our pensions, especially as about 70% of us don’t have one,
other than CPP. The ORPP has tested relatively well in the past, and still
does, even though it appears that the new government’s intention to expand the
federal pension plan might make it unnecessary," said
Forum Research President, Dr. Lorne Bozinoff.
Lorne Bozinoff,
Ph.D. is the president and founder of Forum Research. He can be reached at lbozinoff@forumresearch.com or at (416)
960-9603.
