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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]
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 2009 initial funding, the 2010 initiation, the 2016 implementation, and ongoing operation of what would become the Phoenix pay system, was overseen by a series of the Department of Public Services and Procurement Canada Ministers, spanning the tenure of former-Prime Minister Harper (February 6, 2006 – November 4, 2015) and Prime Minister Justin Trudeau (2015–).
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 new Ministry also acquired the functions associated with the promotion of public safety for boilers, elevators, building standards and fuels, the regulation of theatres, the Liquor Control Board of Ontario and the Liquor License Board of Ontario. In 1986, a standalone Ministry of Financial Institutions and assumed the responsibility over ...
The Association of Management, Administrative and Professional Crown Employees of Ontario (AMAPCEO) [needs IPA] is a Canadian trade union representing mid-level provincial public servants in Ontario. It was founded in 1992, recognized as a union by the provincial government in 1995, and negotiated its first collective agreement in 1996.
OPSEU was established in 1975 as the successor union to the former Civil Service Association of Ontario, which was founded in 1911. [2] In 1979, OPSEU affiliated with the Canadian Labour Congress, the National Union of Public and General Employees, and the Ontario Federation of Labour. OPSEU is affiliated to several labour councils across Ontario.
Only employees who report to work at an establishment in Ontario, or who are paid from an establishment in Ontario. [8]: §6 Employment in the federal government is exempt. [8]: §7 Employees who are under 18 years of age or over 70 years, and those receiving an ORPP pension (other than a pension to a surviving spouse), are exempt.