NHL players want out of ORPP

The union that represents NHL players doesn’t want its Ontario members – the Toronto Maple Leafs and the Ottawa Senators – to be forced to pay into the Ontario Retirement Pension Plan, according to an article on CBC.

According to the story, NHL players already have a generous pension plan, but it is set up under U.S. law, which could make it more difficult to qualify as a “comparable workplace pension.”

Read: Ontario Budget: The ORPP pushes ahead, more details to come in spring

Under the ORPP, which is set to be rolled out on Jan. 1, 2018, Ontario employees who have what is considered a comparable plan can apply for exemption.

MPP Mitzie Hunter, the minister in charge of the pension plan, told CBC the NHL teams would have to go through a verification process to get an exemption, just like any other employer.

Read: ORPP delay a ‘wise’ move

According to the article, players for the NBA’s Toronto Raptors and MLB’s Toronto Blue Jays have so far not applied for an ORPP exception.

Read the full story here

Read: ORPP design and feature details announced

Have your say on the ORPP by participating in Benefits Canada‘s latest online poll