Premiums to increase in 2019
The bill establishes participation requirements, contributions, benefit types and sustainability provisions for the provincial pension plan
The establishment of the nominating committee marks an important milestone for the Ontario pension plan
The province prefers enhancements to the CPP, but the new legislation is being introduced in case no national consensus is reached
PMAC says that changes are needed to spur participation in PRPPs, which have failed to gain much traction
In its Ontario budget submission, the industry group urges the government to adopt regulations to allow for the implementation of PRPPs
Reforms to mandatory public pension reform “should occur on a national basis”
Saad Rafi to lead the independent organization responsible for the administration of the Ontario retirement pension plan
Solutions such as Ontario’s ORPP won’t work, he says. Expanding the CPP is an option, as are increasing limits for TFSAs, RPPs and RRSPs
Ontario Premier Kathleen Wynne sees a federal government willing to improve the CPP as a solution to her concerns