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On February 8, 2010, NRPC announced it reached an agreement (awaiting court approval) with Nortel in which Nortel would advance $57 million to fund medical and life insurance benefits for some Canadian pensioners and their survivors, and provide long-term disabled employees with wage-replacement, medical and life insurance benefits until ...
1969: The first Cost-of-Living Adjustment (COLA) payments are issued to retirees. 1973: The first Board of Trustees is formed as Administrator and Trustee of the Plan. 1981: The first public plan pension fund is created. Prior to this employer and employee contributions were pooled in the Government of Alberta (GoA) General Revenue Fund.
Ontario's first government-run health plan, known as OMSIP (Ontario Medical Services Insurance Plan), was established and enacted on 1 July 1966. On 1 October 1969, it was replaced by OHSIP, the Ontario Health Services Insurance Plan, as a provincially-run and federally-assisted plan under the federal Medical Care Insurance Act for the ...
In 2018, the government of Justin Trudeau introduced a new mandatory criteria for eligible employers and projects of the Canada Summer Jobs program, for which "the core mandate of the organization must respect individual human rights in Canada, including the values underlying the Canadian Charter of Rights and Freedoms (Charter) as well as ...
Compared to other single-payer health systems in the world, Canada is unusual in banning the purchase of private insurance or care for any services that are listed. This is meant to prevent what is described as 'two-tier healthcare', which would allow the rich to "jump the queue". However, in 2005 the Supreme Court of Canada ruled in Chaoulli v.
The federal government and its provincial counterparts moved to enhance the Canada Pension Plan to provide working Canadians with more income in retirement. [14] These changes were principally motivated by the declining share of the workforce that was covered by an employer defined-benefit pension plan, which had fallen from 48% of men in 1971 ...
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 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.