Expanded CPP – What problem are we trying to solve?

Posted on September 22nd, 2016 by Actuarial Solutions

By Joe Nunes I spoke Tuesday at the International Society of Certified Employee Benefit Specialists’ Annual Symposium. My topic was the expanded CPP and what it means for employees, employers and taxpayers. The presentation was fairly basic and went through the details of what we know today (future benefits) and what we still don’t know […]

CPP Expansion – Taxpayer Loss #1

Posted on August 5th, 2016 by Actuarial Solutions

By Joe Nunes The death of the Ontario Retirement Pension Plan (ORPP) wasn’t much of a celebration for me because even though the ORPP was definitely the ugly step-sister, CPP expansion isn’t exactly Cinderella. I haven’t started writing about Expanded CPP partly because there is so much we still don’t know and partly because July […]

Expanded CPP – Vancouver June 2016

Posted on June 21st, 2016 by Actuarial Solutions

    For those that missed yesterday’s news, Canada’s provincial finance ministers and federal finance minister Bill Morneau met in Vancouver to hammer out a deal to expand the CPP. Politics 101 This moment again proves how little I understand about politics.  If you asked me Sunday I would have told you that I didn’t […]

The ORPP: Help Wanted

Posted on April 19th, 2016 by Actuarial Solutions

  We learned in January that Saäd Rafi, former CEO of Toronto’s 2015 Pan Am Games, is our fearless leader for the Ontario Retirement Pension Plan Administration Corporation and we pay him a comfortable $500k+.  Knowing the government it is probably $500k+++. A number of times in my commentary I have suggested that I might […]

ORPP Update: April 2016

Posted on April 19th, 2016 by Actuarial Solutions

  It has been a while since Ontario gave us some ORPP love, so my heart warmed when the April 14, 2016 news release about ORPP legislation hit my desk. The legislation covers many of the things we know: comparable plans, exempt workers, benefit levels, survivor benefits and more.  I am not going back over […]