Centennial College Retirees Association (CCRA)


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Will the new Ontario Retirement Pension Plan affect you?


You have probably heard about the Ontario Retirement Pension Plan (ORPP) currently being developed by the provincial government. You may be wondering if and how the new plan will impact you.
 
As a CAAT Plan member, you already have access to a valuable retirement income. The government recently announced it will delay the implementation of the ORPP by a year to 2018. It also reconfirmed that members of comparable workplace pension plans, such as the CAAT Pension Plan, will not be required to participate in the ORPP. However, part-time employees of our participating employers who are not already Plan members, will be required to join the ORPP starting in 2020.

If you’d like to learn more about the ORPP, we have a lot of information available on CAAT Pension website.

Posted by CAAT Pension Plan for Members, February 18, 2016