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Ontario’s pension plan will come in waves, but all employees in the province will be covered by a workplace plan or the new provincial design by 2020, Premier Kathleen Wynne said Tuesday.

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tap here to see other videos from our team. Try refreshing your browser, or Ontario to start implementing new pension plan in 2017, with full roll-out expected by 2020 Back to video

2017: Employers with more than 500 employees without a registered workplace pension plan

2018: Employers with between 50 and 499 employees without a registered pension plan option

2019: Employers with fewer than 50 workers who don’t offer a pension plan

2020:Employers with a pension plan that does not meet the ORPP’s compatibility test. This length of time is being granted to help employers bring plans up to snuff and also to allow unionized workplaces time to bargain any necessary changes

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The Ontario Retirement Pension Plan will start requiring contributions from the largest employers, those with more than 500 workers, in 2017. However, employers who already offer mandatory, registered pension coverage will be exempt if their plan is deemed comparable to the ORPP by the province. Companies whose pension plans are currently optional for employees or who don’t meet that threshold will have until 2020 to bring their plans up to snuff.