Bill 186, the Ontario Retirement Pension Plan Act
(Strengthening Retirement Security for Ontarians),
2016 (Bill 186) was introduced on
April 14, 2016 and we expect it to be passed before the legislature
rises for the summer in June. The Bill sets out the framework
for the Ontario Retirement Pension Plan (ORPP); however, much of
the detail relating to the ORPP has yet to be set out in future
regulation. Please see our previous ORPP blog posts
here and
here.
Key highlights are:
Coverage. Generally, unless an exemption
applies, the ORPP will be mandatory for employees and office
holders employed in Ontario. Surprisingly, federal government
employees are expressly excluded from participation in the ORPP as
well as certain judges and federal politicians, however, Bill 186
does not purport to exclude private sector federally-regulated
employees from the ORPP although they may be excluded by future
regulation.
