What DC Plan Sponsors Need to Know About the ORPP

The Ontario Retirement Pension Plan (ORPP) is an unprecedented new mandatory provincial pension plan that represents the provincial government's “made-in-Ontario” solution for expanding pension coverage for eligible employees in that province. Proposed legislation enacting the ORPP was introduced by the Ontario government last year, along with an ORPP consultation paper on key design questions, and recently passed second reading. Authored by Susan G. Seller and published in Benefits Canada.