The nuts and bolts of the Wynne government’s new provincial pension plan are now being rolled out.
The Ontario Retirement Pension Plan would not apply to those currently in a comparable workplace pension plan.
Enrolment would be phased in as will contributions.
The plan would be funded by equal co-contributions from both employers and employees.
Benefits would be paid starting in 2022.
If approved, the ORPP would come into effect on January 1, 2017.
