Ontario bill provides new details on ORPP

Legislation sets out requirements for contributions, calculation of benefits, employer responsibilities and penalties for non-compliance
By Sheila Brawn
|Canadian Payroll Reporter|Last Updated: 05/31/2016

Recently tabled legislation provides more details on how the Ontario Retirement Pension Plan (ORPP) will operate.

Bill 186, the Ontario Retirement Pension Plan Act (Strengthening Retirement Security for Ontarians), 2016, sets out requirements for who have to contribute or would be exempt, how contributions and benefits would be calculated, employer responsibilities, and penalties for not complying.

The government says it will begin enrolling employers next January. Contributions will be phased in, beginning in 2018.