The Ontario government has announced a series of design and feature details for the Ontario Retirement Pension Plan (ORPP). In a press conference this morning, Ontario Premier Kathleen Wynne and Associate Minister of Finance Mitzie Hunter announced the details, which cover the structure of ORPP benefits, compliance and enforcements, plan comparability and member participation. Elaborating further, Hunter […]
The Association of Canadian Pension Management (ACPM) has asked the Ontario government to delay the implementation of the Ontario Retirement Pension Plan (ORPP) by one year. In a letter to Ontario Premier Kathleen Wynne, the ACPM’s CEO Bryan D. Hocking, wrote: “A one-year delay will allow the collaborative federal and provincial approach commenced last fall to continue, and will allow Ontario […]
The Ontario Trucking Association (OTA) said that one of its key concerns about the Ontario Registered Pension Plan (ORPP) has been “laid to rest for the time being.” The concern was around whether the provincial government intended to try to apply the ORPP to federally-regulated companies, rather than those that come under provincial jurisdiction. In […]
Letter outlines next steps in working with Feds.
The Ontario Retirement Pension Plan Administration Corporation (ORPP AC) has appointed Saäd Rafi as its first CEO. Rafi was most recently the CEO of the TO2015 Pan Am/Parapan Am Games Organizing Committee. He also has 25 years of experience as a leader in the public and private sectors, including serving as deputy minister in several […]
The Conference Board of Canada says the proposed Ontario Retirement Pension Plan (ORPP) will mean long-term increases in income that offset the small negative effect on the economy over the near-to-medium term. But some are concerned about the design of the plan and the confusion it’s still causing among many employers. In a cost-benefit analysis […]
Murray Gold, managing partner at Koskie Minsky LLP, has been appointed as a member of the initial board of directors for the Ontario Retirement Pension Plan (ORPP) Administration Corporation. Gold is a leading expert in pensions and employee benefits and has advised boards and sponsors of major public and private sector multi-employer plans for more […]
The ORPP is “a harebrained idea,” according to Dr. Jack Mintz, economist and fellow at the University of Calgary. Speaking at the 2015 Portfolio Management Association of Canada’s National Conference on Tuesday in Toronto, Mintz called the Ontario Retirement Pension Plan “an intrusive plan predicated on the belief that Ontarians do not save enough. There […]
The debate about the merits of the proposed Ontario Retirement Pension Plan (ORPP) and a mandatory CPP expansion versus private pensions continues. But proposal opponents have failed to take into account key data about the costs of the public and private models. If you do the math, it turns out the public pension model has an advantage.
Justin Trudeau was greeted like a rock star as he arrived at the Ontario legislature Tuesday for a meeting with Premier Kathleen Wynne, and rewarded her campaign efforts on his behalf with a promise of federal help for a provincial pension plan. Wynne, one of Trudeau’s most ardent supporters during the federal campaign, gave the […]