PPPs Comparable To ORPPs

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    Personal pension plans (PPP) are a comparable alternative to the Ontario Retirement Pension Plan (ORPP), says an INTEGRIS Pension Management Corp. ‘Newsletter.’ In fact, it says the PPP is a superior alternative to the ORPP because the defined benefit component of the PPP is four-times more generous than the minimum required ORPP exemption rate and it allows plan members to change from a traditional defined benefit to a defined contribution method. Plan members can contribute as little as one per cent of their T4 income to a PPP and still meet the ORPP exemption requirements.