Why the ORPP is a good move
The time is right to shore up our retirement system, and the Ontario Retirement Pension Plan (ORPP) is a step in the right direction.
- By: Hugh O’Reilly
- August 1, 2015 September 13, 2019
- 07:00
The time is right to shore up our retirement system, and the Ontario Retirement Pension Plan (ORPP) is a step in the right direction.
In May, the Conservative government said it will look into allowing Canadians to voluntarily put more of their earnings into the Canada Pension Plan. Announced…
The Government of Ontario wants the federal government to reverse its decision not to help the province implement the Ontario Retirement Pension Plan (ORPP).
Investment returns below public pension plans' benchmarks mean that future contributions from participating state and local governments will have to rise in order to recover…
A pension management task that doesn’t receive much attention is the need to collect and maintain detailed data relating to individual pension plan members. While…
The number of Canadian workers with DB plans has continued to decline, says Statistics Canada.
A mandatory CPP expansion or the Ontario Retirement Pension Plan (ORPP) could lead to a reduction in voluntary savings, finds a Fraser Institute study.
CARP is calling the federal government’s refusal to allow Ontarians to use the CPP payroll deduction system to contribute to Ontario’s provincial pension plan a…
Capital accumulation plan (CAP) sponsors and members continue to wrestle with the concept of “adequate” retirement income.
American plan sponsors have been spurred to action by a perfect storm of pressures on their DB plans, finds the Mercer/CFO Research 2015 Risk Survey.
Finance Minister Joe Oliver is telling Ontario the federal government will not co-operate in any way with the province's move to create its own pension…
Could robo-advisors be the nudge plan sponsors need to offer members investment advice?
The federal government has launched a public comment period for an agreement intended to streamline the oversight of pooled registered pension plans (PRPPs).
Canadian plan members reported a significant drop in the amount they believe they need to retire — from roughly $1.4 million in 2023, 2024 and…
While the percentage of plan members who describe their personal financial situation as significantly or somewhat better than last year decreased from 42 per cent…
Methodology improvements are pushing the life expectancy of Canadian retirees and surviving spouses by roughly one year to age 65 as of Jan. 1, 2024,…
In its 2026 budget on Thursday, the Ontario government proposed doubling the pension benefits guarantee fund’s monthly guarantee limit from $1,500 to $3,000 for all…
The bankruptcy of the Hudson Bay Co. and subsequent loss of promised supplemental employee/executive retirement plan benefits to executives has caused many to rethink the…
Derek Dobson, chief executive officer and plan manager at the Colleges of Applied Arts and Technology’s pension plan, is departing the organization following a formal…
Bell Canada’s defined benefit and defined contribution pension plans are both overseen by the same pension committee. The meeting cadences differ, but the committee leans…
Employers can reinforce the value of their workplace retirement plans by communicating to plan members about the importance of having money later versus money now,…
The Financial Services Regulatory Authority of Ontario is marking its fourth annual Pension Awareness Day today by encouraging employees to understand their employer-sponsored retirement plan…
Amazon Canada’s commitment to unique financial wellness offerings led to a win at Benefits Canada‘s 2024 Workplace Benefits Awards on Oct. 18. The technology company was…
Admiral Insurance’s award-winning benefits program is demonstrating how employers can use versatility to strike a fine balance between finding innovative solutions and maintaining plan sustainability. The…
As Ontario prepares to introduce pay transparency legislation, it’s important for employers to consider how much information they want to share in job postings, says…