On January 26, 2016 the Ontario Government announced further details regarding the design of the Ontario Retirement Pension Plan (ORPP). The released details, combined with details that were released last August, will help employers prepare for the implementation of the ORPP, beginning on January 1, 2017. The details include information on the structure of benefits, compliance and enforcement, plan comparability, member participation and the planned funding policy. This bulletin is designed to provide clients with an update on the Ontario Retirement Pension Plan design.
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