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The Ontario Retirement Pension Plan (ORPP) was a proposed social insurance program for Ontario, Canada to complement the national Canada Pension Plan. It was intended to cover the 3.5 million workers in Ontario who would not receive a comparable workplace pension after their retirement.
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.
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employment pension plans, which comprise more than 40 per cent of all registered pension plans in Canada [1] It was originally enacted as the Pension Benefits Act, 1965 (S.O. 1965, c. 96), and it was the first statute in any Canadian jurisdiction to regulate pension plans.
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.
Other parts of Canada's retirement system are private pensions, either employer-sponsored or from tax-deferred individual savings (known in Canada as a registered retirement savings plan). [1] As of June 30, 2024, CPP Investments (CPPI) manages over C$646 billion in investment assets for the Canada Pension Plan on behalf of 22 million Canadians ...
Ontario Teachers' also invests the plan's pension fund and it is one of the world's largest institutional investors, acting as a partner organization of the World Economic Forum. [6] The plan is a multi-employer pension plan, jointly sponsored by the Government of Ontario and the Ontario Teachers' Federation .
that Nortel will stop topping-up its underfunded pension plan after the last payment made in March 2010. [ 12 ] that Nortel will be released from liability regarding the pension plan or the Health and Welfare Trust except for claims based on fraud, gross negligence, contractual rights, or misrepresentation by the directors or wrongful or oppressive
[[Category:Ontario templates]] to the <includeonly> section at the bottom of that page. Otherwise, add <noinclude>[[Category:Ontario templates]]</noinclude> to the end of the template code, making sure it starts on the same line as the code's last character.
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related to: form 15b ontario application for retirement plan template