jswizzle3737/ontario_laws_and_regs huggingface dataset:
Obligation to establish Ontario Retirement Pension Plan
  1. (1) The Government of Ontario shall, no later than January 1, 2017 and in accordance with the parameters set out in this Act, establish the Ontario Retirement Pension Plan. Requirement to introduce legislation (2) The Minister of Finance or another Member of the Executive Council shall introduce legislation that, (a) provides for the operation of the Ontario Retirement Pension Plan; (b) provides for the administration and investment management of the Ontario Retirement Pension Plan through the administrative entity described in section 2; and (c) provides for the requirements of the Ontario Retirement Pension Plan, including the basic requirements set out in the Schedule. Cost-benefit analysis (3) The Minister of Finance shall prepare a cost-benefit analysis of the proposed Ontario Retirement Pension Plan and shall table the report in the Legislative Assembly before December 31, 2015.
Obligation to create administrative entity
 2. (1) An administrative entity shall be established for the purpose of administering the Ontario Retirement Pension Plan. Duties of the administrative entity (2) The duties of the administrative entity shall include the following: 1. Enrolment: The administrative entity shall enrol eligible employees and eligible employers. 2. Collection of contributions: The administrative entity shall collect from eligible employers the contributions on behalf of the eligible employers and the eligible employees. 3. Investing contributions: The administrative entity shall be responsible for investing the collected contributions for the benefit of the members and other beneficiaries of the Ontario Retirement Pension Plan. 4. Holding contributions: The administrative entity shall hold the contributions, and any accruals from the investments, in trust for the members and other beneficiaries of the Ontario Retirement Pension Plan.  The contributions and the accruals shall not form part of the Consolidated Revenue Fund. 5. Administration of benefits: The administrative entity shall pay retirement benefits, or other benefits, to those members or other beneficiaries of the Ontario Retirement Pension Plan who have qualified for those benefits. 6. Communications: The administrative entity shall provide information to employers and members and other beneficiaries about the Ontario Retirement Pension Plan and shall respond to inquiries. 7. Annual report: The administrative entity shall submit an annual report concerning its affairs to the Minister of Finance for the purpose of making the report available to the public. Delegation (3) The legislation referred to in subsection 1 (2) shall contain rules that permit the administrative entity to delegate the authority to perform any of the administrative entity’s functions or to carry out any of the administrative entity’s powers.
Definitions
 4. Omitted (provides for coming into force of provisions of this Act). 5. Omitted (enacts short title of this Act). Schedule   Basic requirements of the Ontario Retirement Pension Plan
Definitions
 5. Omitted (enacts short title of this Act). Schedule   Basic requirements of the Ontario Retirement Pension Plan
Contributions to the Plan
  1. (1) Eligible employers and eligible employees shall contribute to the Ontario Retirement Pension Plan. Obligation to deduct contributions (2) Eligible employers shall deduct Ontario Retirement Pension Plan contributions from the salary and wages of their eligible employees and shall make contributions on behalf of their eligible employees. Remittance to administrative entity (3) The contributions made by eligible employers and eligible employees shall be remitted to the administrative entity referred to in section 2 of the Act. Determination of contributions (4) Contributions shall be determined by applying the applicable contribution rate to the portion of the eligible employee’s annual salary and wages between the minimum threshold and the maximum threshold, as specified under the legislation referred to in subsection 1 (2) of the Act, subject to subsection (5). Maximum threshold (5) The maximum threshold for 2017 shall be the amount equal to $90,000 as adjusted in accordance with the legislation referred to in subsection 1 (2) of the Act to reflect the percentage increase to the Year’s Maximum Pensionable Earnings under the Canada Pension Plan (Canada) between 2014 and 2017. Contribution rate (6) The contribution rate referred to in subsection (4) shall be the same for eligible employers and eligible employees and the maximum combined rate shall not exceed 3.8 per cent. Phase-in of contribution rates (7) The legislation referred to in subsection 1 (2) of the Act shall provide transition rules concerning the phasing in of contribution rates. Eligibility under the Plan
Eligible employee
  2. (1) An eligible employee is an individual who satisfies the following criteria and any other criteria specified under the legislation referred to in subsection 1 (2) of the Act: 1. The individual is 18 years of age or older and under 70 years of age. 2. The individual is employed in Ontario and their employment is eligible employment. 3. The individual’s annual salary and wages are above the minimum threshold referred to in subsection 1 (4) of this Schedule. 4. The individual is not in receipt of a retirement benefit from the Ontario Retirement Pension Plan. 5. The individual does not participate in a comparable workplace pension plan as determined under the legislation referred to in subsection 1 (2) of the Act. Eligible employment (2) All employment in Ontario is eligible except employment that is exempted under the legislation referred to in subsection 1 (2) of the Act. Same (3) The exemptions for employment under the legislation referred to in subsection 1 (2) of the Act shall be similar in nature to the exemptions for employment under the Canada Pension Plan (Canada). Eligible employer (4) An employer of an eligible employee is an eligible employer. Place of employment (5) The legislation referred to in subsection 1 (2) of the Act shall contain rules for determining whether an individual is employed in Ontario.
Retirement benefits
 3. (1) Retirement benefits under the Ontario Retirement Pension Plan shall be paid for the life of a Plan member beginning at 65 years of age. Earlier or later commencement of retirement benefits (2) Despite subsection (1), retirement benefits under the Ontario Retirement Pension Plan may begin to be paid as early as 60 years of age or as late as 70 years of age, but such benefits must be actuarially adjusted as specified under the legislation referred to in subsection 1 (2) of the Act. Indexation (3) Retirement benefits under the Ontario Retirement Pension Plan shall be indexed to inflation, based on the formula set out under the legislation referred to in subsection 1 (2) of the Act.
Survivor benefits
  4. Survivor benefits shall be payable to the surviving spouse of an Ontario Retirement Pension Plan member in accordance with the legislation referred to in subsection 1 (2) of the Act.
Compliance and enforcement
  5. The legislation referred to in subsection 1 (2) of the Act shall contain compliance and enforcement provisions. ______________  Français