Nearly half (44%) of respondents approve of the Ontario Retirement Pension Plan (ORPP) as a supplement to the CPP, according to a sampling of public opinion by the Forum Poll among 1,148 Ontario voters. Another 37% of respondents disapprove of the ORPP and 19% don’t have an opinion. The Ontario government’s new pension plan will be rolled […]
During its announcement of the 2016 Ontario Budget on Feb. 25, the provincial government said it’s on track to ensure that, by 2020, all eligible Ontario employees will be covered by a comparable workplace pension plan or the ORPP. While elements of the ORPP’s design were announced in January 2016, the government said it will outline further […]
The Association of Canadian Pension Management is hoping to see a series of pension consultations announced by the Ontario government when it shares the details of its 2016 Budget on Thursday. In its fall statement, Building Ontario Up, announced on Nov. 26, the provincial government said it would focus on a series of initiatives to […]
It’s not in existence yet, but the Ontario Retirement Pension Plan is already coming under scrutiny from the auditor general. In this case, Bonnie Lysyk is taking the Ontario government to task over its recent ads for the new pension scheme. In her annual report in December, she noted concern about potential partisanship in the […]
The Ontario Chamber of Commerce and the Canadian Federation of Independent Business are just two of the organizations encouraged by the provincial government’s announcement Tuesday that the Ontario Retirement Pension Plan will be delayed by one year – but many are still restating a call for government to support employers to transition to the new plan. […]
The Association of Canadian Pension Management is welcoming today’s announcement of a one-year delay to the Ontario Retirement Pension Plan. “We welcome it,” says ACPM chief executive officer Bryan Hocking, calling it a “wise” move. “I think they’ve had enough input from a number of different organizations and companies that are all saying the same […]
The Portfolio Management Association of Canada is adding its voice to groups calling for a delay to the introduction of the Ontario Retirement Pension Plan. In submissions this week to Finance Minister Bill Morneau in advance of the upcoming federal budget, the association representing more than 220 investment management firms urged the federal government to […]
The Canadian Life and Health Insurance Association (CLHIA) has called for a one-year delay of the ORPP. In its 2016 Ontario Budget Submission, written to Ontario Minister of Finance Charles Sousa, it said the implementation of the plan should be deferred by one year to address the significant uncertainties that remain with respect to plan design, administration and […]
Premier Kathleen Wynne is defending nearly $600,000 the government spent in advertising the Ontario Retirement Pension Plan during the federal election campaign. The Canadian Taxpayers’ Federation asked for the figure through a Freedom of Information request and was told that $592,834 was spent between Aug. 2 and Oct. 14, five days before the federal election. The […]
As the Ontario government continues to forge ahead with its plans for the Ontario Retirement Pension Plan (ORPP) by announcing new details and features this week, the province’s opposition parties are weighing in on the issue. The Ontario NDPs believe there are still more questions to be answered about the eligibility of contract workers. The […]