Take the First Step
In response to the recent announcement, the first thing to do is find out if your company's pension plan is comparable to the ORPP. There is a lot of information to digest, but we can help.
Things to Consider:
- Companies with a mandatory pension plan that meet the requirements put forth by the government will be exempt from the ORPP.
- Contribution levels must also match the levels regulated by the government.
- Voluntary workplace pension plan contributions are not included as a comparable Defined Contribution plan.
- Employers that have comparable workplace pension plans can opt-in to the ORPP in the fourth wave of the enrolment schedule, or at any time thereafter.
To determine what factors are required for your company to be exempt from the ORPP, or to discuss your pension plan options, please contact Rob at
1-844-823-9091 x223 or email firstname.lastname@example.org.