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ARTICLE · 29 FEBRUARY 2016

New Key Developments On The Ontario Retirement Pension Plan

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A funding policy has been established, based on sustainability over the next 100 years, subject to adjustments.

CanadaEmployment and HR
Sonia Mak
Sonia Mak
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The Ontario Government has made two major announcements in the last two months regarding the Ontario Retirement Pension Plan ("ORPP"): a one-year delay of enrolment and first phase of contributions, and further design details of the ORPP.

One-Year Delay

On February 10, 2016, the Ontario Government announced the delay of phased-in enrolment to January 1, 2017 (from January 1, 2016) and the delay of the first phase of contributions to January 1, 2018 (from January 1, 2017). The delay will give "big" employers (i.e., an employer with 500 or more employees) more time to arrange their affairs and more time for the federal and provincial governments to explore possible enhancements to the Canada Pension Plan ("CPP").

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