What is OPB in Canada?
About OPB - Ontario Pension Board. Retirement Compensation Arrangement (RCA)
What happened to the Ontario pension plan?
Plans to implement the ORPP were cancelled in 2016 following an agreement between the federal government and the provinces to expand the Canada Pension Plan.
How much is government pension Ontario?
The maximum monthly amount you can receive is reached when you turn 70. For 2019, the maximum monthly amount you could receive as a new recipient starting the pension at age 65 is $1,154.58. The average monthly amount is $679.16. Your situation will determine how much you'll receive up to the maximum.
How does the Ontario Public Service pension plan Work?
Pension – There are two pension plans, the Public Service Pension Plan and the Ontario Public Service Employees Union Pension Plan. Both are contributory, defined benefit plans, where employees receive a pension at retirement, determined by salary and years of credit in the plan.