12 February 2016 Ontario unveils details of the Ontario Retirement Pension Plan The Ontario government announced on January 26, it has completed the design of the Ontario Retirement Pension Plan (ORPP), which will be phased in starting January 1, 2017, subject to legislative approval. Similar to the Canada Pension Plan (CPP), the ORPP is designed to help Ontario workers save toward their retirement so they can retire with greater financial security. The ORPP will be introduced in 2017 and, by 2020, subject to legislative approval, every employee in Ontario will be part of either the ORPP or a comparable workplace pension plan. Document ID: 2016-0314 |
