Search Omemee Pigeon eFlyer
Custom Search

Friday, December 19, 2014

Ontario Government Seeks Pension Input!

Province Taking Next Step in Developing Ontario Retirement Pension Plan!

Ontario Government is giving folks an opportunity to give them a piece of the mind until Feb. 13, 2015.  The topic?
An Ontario Retirement Pension Plan.
The province is inviting feedback to their consultation paper until Feb. 13, 2015. Responses and questions related to  delivery, administration and the phased implementation of the ORPP will be considered as the government moves toward implementation in 2017. What do you think of this latest development?

Here is the press release:

Ontario Launches Consultation Paper; Helping Build a Better Retirement for Future Generations 

 The province of Ontario is taking the next step in the development of the new Ontario Retirement Pension Plan (ORPP) with the release of a consultation paper inviting feedback on key design details of the plan.
With the goal of building a better retirement for Ontarians, the province is seeking feedback on essential components of the plan, including:

  •  Defining a comparable workplace pension plan: Since the ORPP is intended to help those without workplace pensions, workers already participating in a comparable pension plan would not be required to enrol in the ORPP. 
  • A minimum earnings threshold: To reduce the burden on low-income workers, earnings below a certain threshold would be exempt from contributions, similar to the Canada Pension Plan (CPP). 
  •  Supporting the self-employed: Since self-employed individuals have a unique status in the labour market as both employee and employer, the province is consulting on how to best assist them in saving for their retirement. 
The province's four-part plan is building Ontario up by investing in people's talents and skills, building new public infrastructure like roads and transit, creating a dynamic, supportive environment where business thrives and building a secure pension plan so everyone can afford to retire.
Background
 In 2012, fewer than 35 per cent of workers in Ontario had a workplace pension plan. Coverage for workers in the private sector is even lower, with only 28 per cent having plan membership. Studies show that a significant portion of Ontarians may not be saving enough to maintain similar living standards throughout their retirement years. The Ontario Retirement Pension Plan would be administered by an arm’s length entity. The ORPP is being developed with input from the Technical Advisory Group on Retirement Security, consisting of a group of experts with a range of perspectives, including participants from other provinces.
What do you think about this issue?
Drop us a comment, or connect with us in one of these ways. We want to hear your views!:
Thanks for Reading Omemee Pigeon eFlyer! Be sure to  Send Your Friends a Free Pigeon Posts Subscription!  
Related Links
Any adfly links below will open with a word from a sponsor to help cover expenses. Click the "Skip Ad" Button when it appears in the top right corner to proceed to the webpage. Find out more at : http://adf.ly/?id=4009826 Want a direct link to your site? Leave a confidential comment to sponsor a post.

No comments:

Post a Comment

TERMS OF USE

Those who post comments are accountable for the opinions they express, and the accuracy of the information they furnish. While we encourage writers to utilize this service on our site, we also strongly suggest they treat it as public forum where good taste counts. We reserve the right to decline for approval objectionable material from this site.

Writers that include profanity or personal attacks or other inappropriate comments - such as racist language, threats or comments unrelated to the story - will not be approved. Also, entries that are unsigned or signatures by someone other than the actual writer will not be approved.

While writers can still post anonymously, we strongly suggest that they do not do so.

Opinions, guidance and other information expressed in Omemee Pigeon eFlyer comments and by contributors to the Omemee Pigeon eFlyer, represent the individuals'; own views and are not necessarily those of the Omemee Pigeon eFlyer. The Omemee Pigeon eFlyer furnishes this type of forum and does not endorse and is not accountable for statements or advice from anyone other than an designated Omemee Pigeon eFlyer spokesperson.

F.A.Q.

(Frequently Asked Questions) Choose your favourite and send a letter to the editor. 1. Why isn't this paper being run on a "dot com"? 2. Who is running this paper? 3. Why do you have Google ads on here? 4. Where can I get a print copy of this paper? 5. How can I help make this paper even better? 6.I'd like to buy you a coffee.Where can I send a donation? Thanks! Every bit helps!

Who Reads Omemee Pigeon eFlyer?

You do! Most readers are from our direct area,but people the world over do read Omemee Pigeon eFlyer. We currently have over 2,000 accounts getting our headlines,and almost 100 daily email subscribers. Not bad for a little eZine just starting out. We are especially excited about the writers joining in this project!

Come Tweet Us!

Related Posts Plugin for WordPress, Blogger... Google+