Qualifying large employers now have until 1 January 2018 before they have to start making contributions to the new Ontario retirement pension plan (ORPP). Ontario agreed to push back the first phase of contribution requirements until 2018 (from 1 January 2017) to allow the federal government to consider potential CPP enhancements.
As a result, qualifying large employers will now start to make contributions in 2018. Enrollment in the ORPP starts 1 January 2017.
In addition, the federal government has agreed to facilitate plan registration and data sharing arrangements, and will work with Ontario to administer elements of the plan, such as the collection of employer and employee contributions.
Ontario also recently provided further information regarding the design of the ORPP, including more specific information for employers and employees with respect to benefits, comparable workplace pension plans, member participation, and enforcement and compliance.
Read a February 2016 report [PDF 55 KB] prepared by the KPMG member firm in Ontario: Ontario Delays ORPP Contribution Requirements to 2018
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