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ORPP design and feature details announced

The Ontario government has announced a series of design and feature details for the Ontario Retirement Pension Plan (ORPP) this morning.

  • A clearer definition of employment so that employers can determine which employees are eligible for the plan.
  • Additional details on the comparability test so employers can determine whether they currently offer a comparable workplace pension.
  • The inclusion of a modern, robust survivor benefit so that even single employees can chose a beneficiary for their pension.
  • Details of the indexation of the benefit to ensure its sustainability in the long term.

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