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The Ontario Pension Board in Canada is an ... The plan administers the pensions for some 44,000 members, and it pays pensions to about 39,000 retired members (and ...
The OPSEU Pension Plan is a defined benefit pension plan. It was established to provide pension benefits for employees of the province of Ontario in bargaining units represented by OPSEU and other eligible members. The trust administers the pension benefits for over 100,000 members and retirees. [8]
Small employers (50 or fewer employees) without comparable workplace pension plans – – 0.8%: 1.6%: 1.9% Wave 4: Employers with a workplace pension plan that requires modifications to meet the comparability test, as well as employees who are not members of their workplace's comparable plan – – – 1.9%: 1.9%
The Ontario Municipal Employees Retirement System [3] (OMERS) is a Canadian public pension fund, headquartered in Toronto, Ontario.OMERS is a defined benefit, jointly sponsored, multi-employer public pension plan created in 1962 by Ontario provincial statute to administer retirement benefits and manage pension investment funds of local government employees in the Canadian province of Ontario.
The plan administers the pensions for some 330,000 teachers, principals, and school administrators, and it pays pensions to some 148,000 retirees. [10] In 2020, $6.74 billion in benefits was paid to members. Ontario Teachers' is headquartered in Toronto, with regional offices in London, New York, Hong Kong, Singapore, and Mumbai. [11]
The windup of the $5 billion Nortel pension plan began in October 2010. Between that time and July 2011, Nortel pensioners had been receiving their full pensions even though actuaries have determined that the pension trust is underfunded by $1.5 billion. The reduced payments are to retroactively reflect those overpayments.
Ontario regulates approximately 8,350 employment pension plans, which comprise more than 40 per cent of all registered pension plans in Canada [1] It was originally enacted as the Pension Benefits Act, 1965 (S.O. 1965, c. 96), and it was the first statute in any Canadian jurisdiction to regulate pension plans.
"OPSEU also represents members in many boards, Crown agencies, and tribunals, such as the Workplace Safety and Insurance Appeals Tribunal, the Ontario Pension Board, the Ontario New Democratic Party Caucus, the Ontario Teachers’ Pension Plan Board, and the Alcohol and Gaming Commission of Ontario." [7]