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Public employees hired before January 1, 1996 [2] receive the system's most generous pension benefit. Benefits under this program have been described as "expensive" and "overly generous," often entitling retired workers to lifetime monthly payments over 100% of their pre-retirement earnings.
The OPG supervises the actions of withdrawers appointed under the access to funds scheme. The OPG also supervises all financial guardians and interveners appointed by the courts. As part of this supervision a financial guardian may be required to provide the OPG with a Management Plan, Inventory of Estate and an annual accounting.
OPTrust, officially the OPSEU Pension Trust, [2] is a legal trust formed by the contractual agreement between the two plan sponsors, Ontario Public Service Employees Union and the Government of Ontario. [3] It manages one of Canada's largest pension funds and administers the OPSEU Pension Plan. [4]
Kipling GS was originally commissioned as a 2-unit, 155 MW generating station in 1966 by OPG's predecessor, Ontario Hydro. OPG completed a $2.6 billion construction project covering the four Lower Mattagami dams in 2014 and 2015, and added a third generating unit with 78.3 MW capacity to Kipling GS, bringing the total station capacity to 233.3 MW.
The Ontario Pension Board in Canada is an independent organization responsible for administering defined-benefit pensions for certain employees of the provincial government and its agencies, boards, and commissions.
The Intact Centre is an office building located in Toronto, Ontario, Canada that serves as the head offices of Ontario Power Generation (OPG) and Intact Financial.The University of Toronto's Department of Statistical Science and Department of Sociology are also located inside.