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Ontario regulates approximately 8,350 employment pension plans, which comprise more than 40 per cent of all registered pension plans in Canada [1] It was originally enacted as the Pension Benefits Act, 1965 (S.O. 1965, c. 96), and it was the first statute in any Canadian jurisdiction to regulate pension plans. [2]
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 oversee and invest the funds contributed to and held by the CPP.
The Bureau of Pensions Advocates (BPA) is a nation-wide, semi-independent law firm within Canada's Department of Veterans Affairs (also known as Veterans Affairs Canada). In place in one form or another since October 1, 1930, it provides free counsel and legal representation to Canadian Veterans and members of the Royal Canadian Mounted Police in appeals before the Veterans Review and Appeal ...
Canada Pension Plan: N/A ... Superannuation in Australia – Private, and compulsory, individual retirement contribution system. Social Security – Public pensions;
It is important to distinguish between pension plan, funds and firm. A pension plan is a benefits program set up and sustained by an employer or an employee group. They are managed by state or private firms as well as pension funds. [6] Pension funds are financial mechanisms that provide retirement income for employees after their working life.
Mandatory retirement also known as forced retirement, enforced retirement or compulsory retirement, is the set age at which people who hold certain jobs or offices are required by industry custom or by law to leave their employment, or retire.
The Quebec Pension Plan (QPP; French: Régime des rentes du Québec; RRQ) is Quebec's version of the Canada Pension Plan. The QPP is managed by Retraite Québec , which was formed from a merger of the Commission administrative des régimes de retraite et d'assurances (CARRA) and the Régie des rentes du Québec (RRQ) in 2016.
A pension (/ ˈ p ɛ n ʃ ən /; from Latin pensiō 'payment') is a fund into which amounts are paid regularly during an individual's working career, and from which periodic payments are made to support the person's retirement from work.