Businesses say ORPP will have negative economic effects
Businesses say the Ontario Retirement Pension Plan (ORPP) could lead to hiring freezes and job losses.
- March 25, 2015 September 13, 2019
- 12:52
Businesses say the Ontario Retirement Pension Plan (ORPP) could lead to hiring freezes and job losses.
Business groups believe there will be unintended economic consequences if the Ontario Retirement Pension Plan becomes law, but labour organizations say it doesn’t go far enough.
When the Task Force on Financial Literacy released its recommendations a few years ago on how to make Canadians better understand financial concepts, this prompted BMO Financial Group to launch an internal financial literacy program. Although the company is a bank, about 40% of its employees aren’t in customer-facing roles—they’re in other departments such as HR, marketing and legal.
I’ve been saving for retirement in an RRSP since I began working, but my past employers haven’t done a great job of communicating the benefits of saving in their retirement savings plans. Companies should constantly remind members about the retirement savings plan(s) they offer. Send emails, hold monthly sessions—do whatever it takes to let employees […]
Which direction will stocks and bonds go this year? How will the drop in oil prices affect the economy?
DC plan assets are continuing to grow as more Canadian companies are shifting away from DB plans. Shawn Cohen, a director of relationship management for MFS Investment Management, and Kristen Colvin, a director with MFS Institutional Advisors, spoke to BenefitsCanada.com about the evolution of DC plans in Canada and the United States.
How American Express Canada is working to create a culture of health
Japan's Nikkei index has performed well over the past couple of years. In 2013, the index jumped 57% and rose another 7% this year. But it's also been a rough 25 years for the market, which closed at 38,916 on Dec. 29, 1989. It closed at 17,450 on Dec. 30, 2014. Hayes Miller, North American head of asset allocation for Baring Asset Management, spoke to BenefitsCanada.com on the outlook for Japan.
The Ontario Retirement Pension Plan is scheduled to be implemented in about two years, yet there are still many questions about the plan that remain unanswered.
Enhancing the Canada Pension Plan isn’t required because Canadians have saved enough, say Ian Lee, assistant professor at the Sprott School of Business at Carleton University.