Human Resources Legislative Update
Ontario Releases ORPP Consultation Paper
Date: December 17, 2014
On December 17, 2014, the Ontario government released a consultation paper inviting feedback on key design details and essential components of the Ontario Retirement Pension Plan (“ORPP”), including:
- defining a “comparable workplace pension plan,” to clarify membership in the ORPP;
- a minimum earnings threshold below which low-income workers would be exempt from contributions; and
- retirement support for self-employed individuals, who are exempt from the ORPP due to their unique status.
Comments on the paper are due by February 13, 2015. Background information on the ORPP is available on our website.