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Service Canada is the program operated by Employment and Social Development Canada to serve as a single-point of access for the Government of Canada's largest and most heavily used programs, such as the social insurance number, the Employment Insurance program, the Old Age Security program and the Canada Pension Plan. [1]
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]
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 ...
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employment pension plans, which comprise more than 40 per cent of all registered pension plans in Canada [1] It was originally enacted as the Pension Benefits Act, 1965 (S.O. 1965, c. 96), and it was the first statute in any Canadian jurisdiction to regulate pension plans.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 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. [1]
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.
Public Service Pension Plan (PSPP) [46] – established in 1947, this plan is for employees of the Alberta government and other public service organizations. [47] Special Forces Pension Plan (SFPP) [48] – established in 1979 for police officers, police chiefs, and deputy chiefs employed by local authorities in Alberta. [49]
Government and Public Employees Retirement Plan 83.3 Supplemental Pension Plan for Employees of the Québec Construction Industry 28.5 Commission de la Santé et de la Sécurité du Travail (CSST), Québec's occupational safety and health agency 19.3 Government of Quebec Ministry of Finance (Generations Fund) 17.8