Ontario Premiere Kathleen Wynn has made it clear that she is pushing ahead with the Ontario Retirement Pension Plan (ORPP), regardless of whether or not enhancements are made to the Canada Pension Plan (CPP). New details have been released today which includes the following information: Indexing benefits for inflation; Survivor benefits; Maximums; Part-time employees; Waiting periods; and, How […]
In the wake of Justin Trudeau’s election win, we have to ask ourselves: what will that mean for Canadian employee benefit plans? Here are some questions, based on promises made on the campaign trail: Will the Canada Pension Plan will be enhanced as promised, leaving Kathleen Wynne deciding to withdraw the proposed Ontario Retirement Pension Plan (ORPP)? Will […]
Kathleen Wynn announced more details of the Ontario Retirement Pension Plan (ORPP) today, piggybacking on the government’s Wednesday announcement. Some employers will be able to opt-out of the ORPP if their pension plans meet certain requirements. There will be a phased-in approach for other employers who are not eligible to be exempt.