The Ontario Retirement Pension Plan (ORPP) is intended to provide a predictable source of retirement income for those most at risk of under-saving, particularly middle-income earners without workplace pensions.
The ORPP will be introduced in 2017. This will coincide with the expected reductions in Employment Insurance premiums, helping to minimize the impact on employees and employers.
To help with the adjustment, enrolment of employers and employees in the ORPP would occur in stages, beginning with the largest employers.
ORPP contribution rates would be phased-in over 2 years.
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