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The Ontario Pension Board in Canada is an independent organization responsible for administering defined-benefit pensions for certain employees of the provincial government and its agencies, boards, and commissions.
A sunshine list is a listing of salary, benefit and severance information. [1] Its colloquial name refers to the goal of illuminating government expenditures. [2] In Canada, the list is commonly used for example by provincial or municipal governments to identify any publicly employed person making CA$100,000 salary or higher. [3]
The Ontario Municipal Employees Retirement System [3] (OMERS) is a Canadian public pension fund, headquartered in Toronto, Ontario.OMERS is a defined benefit, jointly sponsored, multi-employer public pension plan created in 1962 by Ontario provincial statute to administer retirement benefits and manage pension investment funds of local government employees in the Canadian province of Ontario.
It is designed to provide up to 15 per cent of a retiree's pre-retirement income as an annual pension, adding about the same amount as the Canada Pension Plan (CPP) for those who have contributed to both plans. Employees and employers would each contribute 1.9 per cent of an employee's income up to a maximum of $90,000 of income per year.
OPTrust, officially the OPSEU Pension Trust, [2] is a legal trust formed by the contractual agreement between the two plan sponsors, Ontario Public Service Employees Union and the Government of Ontario. [3] It manages one of Canada's largest pension funds and administers the OPSEU Pension Plan. [4]
In 1972, the Government of Ontario was considerably re-organized as the various Departments were restructured and renamed as Ministries. In 1972, the Ministry of Government Services was created, assuming most of the functions of the former Department of Public Works. Over the years in its various forms, the Ministry assumed various ...
In all provinces and territories except Quebec, these plans are administered by Employment and Social Development Canada, while QPP is administered separately by the Quebec government. The Canada Pension Plan Investment Board (CPPIB) is a Canadian Crown corporation established by way of the 1997 Canada Pension Plan Investment Board Act to ...
The Association of Management, Administrative and Professional Crown Employees of Ontario (AMAPCEO) [needs IPA] is a Canadian trade union representing mid-level provincial public servants in Ontario. It was founded in 1992, recognized as a union by the provincial government in 1995, and negotiated its first collective agreement in 1996.