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Inside Internal Controls

News and discussion on implementing risk management

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Ontario retirement pension plan

An expanded Canada Pension Plan (and a very questionable future for the Ontario Retirement Pension Plan)

The Ontario Retirement Pension Plan (ORPP) seemed like a sure thing—until it wasn’t. On June 20, 2016, Bill Morneau, the federal Minister of Finance, and eight of ten provincial finance ministers did what many to this point thought was impossible: reach an agreement in principle to expand the Canada Pension Plan (CPP).

 

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How to prepare for the Ontario retirement pension plan

The Government of Ontario has announced details of its proposed mandatory provincial pension plan that would expand pension coverage for more than three million residents of Ontario. These details include who will participate in the Ontario Retirement Pension Plan (the “ORPP”), which types of pension plans will be considered comparable, and a timeline for implementation.

 

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