During its announcement of the 2016 Ontario Budget on Feb. 25, the provincial government said it’s on track to ensure that, by 2020, all eligible Ontario employees will be covered by a comparable workplace pension plan or the ORPP. While elements of the ORPP’s design were announced in January 2016, the government said it will outline further […]
During its 2016 budget, the Ontario government said it will introduce a redesigned public drug program by 2019. As part of Ontario’s Patients First: Action Plan for Health Care, the new program is aimed at improving long-term sustainability while ensuring access to drugs for people who need them. On Feb. 25, the government said: “It will […]
During its 2016 budget announcement on Feb. 25, the Ontario government also clarified its plans for reducing future WSIB premiums, continuing its review of benefits programs through income testing, and streamlining health, life and dental plans for the education sector. Future WSIB premium reductions When the Workplace Safety and Insurance Board is fully funded — which […]
The Ontario government said it will continue to consult on all aspects of a target benefit multi-employer pension plans framework, including funding rules. In its 2016 budget, announced Feb. 25, the province said some concerns have been raised around transitioning multi-employer pension plans to a new framework, and it’s committed to providing a transition period that […]
A final report on modernizing and increasing accountability around the regulations of financial services and pension plans in Ontario is set to be released in the spring. According to the 2016 Ontario Budget, which was announced on Feb. 25, “The government is committed to modernizing and strengthening the regulation of financial services and pensions, and to […]
The Gender Wage Gap Steering Committee is to make recommendations in May 2016 to help shape the implementation of Ontario’s Gender Wage Gap Strategy. The 2016 Ontario Budget, which was announced on Feb. 25, said the committee, which was appointed in April 2015, is currently concluding its regional public consultations, stakeholder meetings and online survey. Read: Federal […]
The Association of Canadian Pension Management is hoping to see a series of pension consultations announced by the Ontario government when it shares the details of its 2016 Budget on Thursday. In its fall statement, Building Ontario Up, announced on Nov. 26, the provincial government said it would focus on a series of initiatives to […]
Financial industry groups may not have a chance to speak before Parliament on spending and securities issues before the federal budget is released. The new government is considering skipping the traditional Parliamentary consultations held in the run-up to the budget, reports The Globe and Mail. The Globe cites an anonymous Liberal source who says the economic […]
The Government of Ontario has unveiled details about its plan to create an arms-length organization to administer the Ontario Retirement Pension Plan (ORPP).
Read our coverage of the 2015 federal budget.