Global Information Lookup Global Information

Ontario Retirement Pension Plan information


The Ontario Retirement Pension Plan (ORPP) was a proposed social insurance program for Ontario, Canada to complement the national Canada Pension Plan. It was intended to cover the 3.5 million workers in Ontario who would not receive a comparable workplace pension after their retirement.[1][2] Plans to implement the ORPP were cancelled in 2016 following an agreement between the federal government and the provinces to expand the Canada Pension Plan.[3][4]

  1. ^ Brennan, Richard J. (11 August 2015). "Wynne calls proposed Ontario pension plan 'right thing to do'". Toronto Star.
  2. ^ Csanady, Ashley (11 August 2015). "Ontario to start implementing new pension plan in 2017, with full roll-out expected by 2020". National Post.
  3. ^ Blatchford, Andy (June 21, 2016). "Canada, provinces agree to 'historic' pension deal". Toronto Star. The Canadian Press. Retrieved September 29, 2017. The federal Liberals ran on a platform to upgrade the public pension system, as did their Ontario cousins. The result also means Ontario will abandon its project to go it alone with its own pension plan.
  4. ^ Benzie, Robert; Ferguson, Rob (June 21, 2016). "Wynne says CPP deal means no need for Ontario pension plan". Toronto Star. Retrieved September 29, 2017.

and 26 Related for: Ontario Retirement Pension Plan information

Request time (Page generated in 0.8955 seconds.)

Ontario Retirement Pension Plan

Last Update:

The Ontario Retirement Pension Plan (ORPP) was a proposed social insurance program for Ontario, Canada to complement the national Canada Pension Plan. It...

Word Count : 1325

Canada Pension Plan

Last Update:

retirement savings plan). As of June 30, 2022, the CPP Investment Board manages over C$523 billion in investment assets for the Canada Pension Plan on...

Word Count : 3095

Pension

Last Update:

support the person's retirement from work. A pension may be: a "defined benefit plan", where defined periodic payments are made in retirement. The sponsor of...

Word Count : 10476

Pension fund

Last Update:

A pension fund, also known as a superannuation fund in some countries, is any program, fund, or scheme which provides retirement income. Pension funds...

Word Count : 3622

Registered retirement savings plan

Last Update:

A registered retirement savings plan (RRSP) (French: régime enregistré d'épargne-retraite, REER), or retirement savings plan (RSP), is a type of financial...

Word Count : 3375

OMERS

Last Update:

multi-employer public pension plan created in 1962 by Ontario provincial statute to administer retirement benefits and manage pension investment funds of...

Word Count : 556

Premier of Ontario

Last Update:

did in proposing an Ontario Retirement Pension Plan, which pushed the federal government into an expansion of the Canada Pension Plan. These actions can...

Word Count : 5149

Mitzie Hunter

Last Update:

associate minister for the Ministry of Finance responsible for the Ontario Retirement Pension Plan. On June 13, 2016, she was promoted to the senior position...

Word Count : 788

HomeEquity Bank

Last Update:

year. On July 4, 2022, HomeEquity Bank was purchased by the Ontario Teacher's Pension Plan for an undisclosed amount from Birch Hill and the other minority...

Word Count : 650

Pensions in Canada

Last Update:

Pensions in Canada can be public, private, and collective, or come from individual savings. The Canada Pension Plan (CPP) forms the backbone of Canada's...

Word Count : 1780

Pension regulation in Canada

Last Update:

of Ontario. Ontario regulates approximately 8,350 employment pension plans, which comprise more than 40 per cent of all registered pension plans in Canada...

Word Count : 340

Target benefit plan

Last Update:

A target benefit plan is a type of pension plan that is similar to a defined contribution plan in that it involves fixed contributions, or a fixed range...

Word Count : 634

Nortel Retirees and former employees Protection Canada

Last Update:

their indexed pensions non-union pensioners will get 57 per cent. Nortel Financial Services Commission of Ontario Employee Retirement Income Security...

Word Count : 1333

Domestic policy of the Justin Trudeau government

Last Update:

the part of the government of Ontario to launch the Ontario Retirement Pension Plan, a supplementary provincial pension plan intended to begin in 2018. Unlike...

Word Count : 13732

Bill Morneau

Last Update:

Ontario who would not receive a comparable workplace pension after their retirement. This led to the creation of the Ontario Retirement Pension Plan,...

Word Count : 4744

Retirement community

Last Update:

excluded in late-life decisions, inheritance claims, and spousal pension and social security plans. Several healthcare concerns exist for older LGBT adults,...

Word Count : 4230

Alberta Investment Management Corporation

Last Update:

2016, an AIMCo led consortium of Ontario Municipal Employees Retirement System (OMERS), Ontario Teachers' Pension Plan (OTPP), and Wren House Infrastructure...

Word Count : 4898

Registered home ownership savings plan

Last Update:

Plan (HOSP) similar to then-defunct RHOSPs. Unlike RHOSPs, HOSP would only be available to taxpayers earning $40,000 a year or less. The 1988 Ontario...

Word Count : 1872

Public Sector Pension Investment Board

Last Update:

under the Public Sector Pension Investment Board Act in 1999. The investments will fund retirement benefits under the Plans for service after April 1...

Word Count : 298

Eileen Mercier

Last Update:

served as chair of the board of directors of Payments Canada and Ontario Teachers' Pension Plan. In 2018, she was named one of Canada's 100 most powerful women...

Word Count : 847

Institutional investor

Last Update:

[2019]) OMERS Ontario Municipal Employees Retirement System((C$105 billion) Healthcare of Ontario Pension Plan ((C$100 billion) Alberta Investment Management...

Word Count : 2843

Christian Labour Association of Canada

Last Update:

Alberta, BC, Manitoba, Ontario, and Saskatchewan. CLAC runs two retirement savings plans: a pension plan and a Group RSP. The pension plan was established in...

Word Count : 3082

Jim Leech

Last Update:

and then as president and chief executive officer of the pension plan until his retirement in 2013. Born in Saint Boniface, Winnipeg into a military...

Word Count : 4008

LifeWorks

Last Update:

to use individual pension plans, a claim which Morneau rejected, In December 2017, Morneau Shepell said that individual pension plans account for less...

Word Count : 2107

Enwave

Last Update:

only two shareholders remained: the city with 43%, and the Ontario Municipal Employees Retirement System with 57%. On October 2, 2012, Toronto City Council...

Word Count : 1824

Richard Peddie

Last Update:

billion. On December 9, 2011, shortly before Peddie retired, the Ontario Teachers' Pension Plan announced the sale of its 79.53% majority stake in MLSE to Bell...

Word Count : 620

PDF Search Engine © AllGlobal.net