Search results
Results from the WOW.Com Content Network
The NHS Pension Scheme is a pension scheme for people who work for the English NHS and NHS Wales. It is administered by the NHS Business Services Authority , a special health authority of the Department of Health of the United Kingdom .
The Canada Pension Plan (CPP) forms the backbone of Canada's national retirement income system. All those employed aged 18 or older (and their employers) must contribute a portion of their income (matched by their employers) into the CPP or, for Quebec residents, the Quebec Pension Plan (QPP).
A province may choose to opt out of the Canada Pension Plan, as Quebec did in 1965, but must offer a comparable plan to its residents. [5]: §3(1) Any province may establish an additional or supplementary plan anytime, as under section 94A of the Canadian Constitution, pensions are a provincial responsibility.
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employment pension plans, which comprise more than 40 per cent of all registered pension plans in Canada [1] It was originally enacted as the Pension Benefits Act, 1965 (S.O. 1965, c. 96), and it was the first statute in any Canadian jurisdiction to regulate pension plans.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]
Canada's wait time on emergency services was the longest of the 11 nations, with 29% of Canadians reporting that they waited for more than four hours the last time they went to an emergency department. Canada also had the longest wait time for specialist appointments, with 56% of all Canadians waiting for more than four weeks.
The pension plan document indicates a formula defining the amount of benefit to be earned by the plan member. Plan investments must follow strict guidelines. Plan sponsor contributions to an IPP, as certified by an actuary, are deductible from corporate income. Benefits paid out of the IPP are taxed upon receipt.
Opting out is a political expression that was formulated in Canada to describe the intention of a province to remove itself from a program administered by the federal government, or to exempt itself from a constitutional amendment that would transfer its legislative powers to Parliament.
A letter sent to Canadian pensioners in July 2011 from the Nortel pension administrator Morneau Shepell announced that pensioners in Canada would have their benefits cut. A webinar held by the legal firm Koskie Minsky on July 22, 2010, addressed some of the questions raised. [19] The windup of the $5 billion Nortel pension plan began in October ...