DOCSLIB.ORG

Treasury Board Secretariat PUBLIC ACCOUNTS of ONTARIO

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Treasury Board Secretariat PUBLIC ACCOUNTS of ONTARIO Treasury Board Secrétariat du Secretariat Conseil du Trésor PUBLIC COMPTES ACCOUNTS PUBLICS OF ONTARIO DE L’ONTARIO Detailed Schedules 2014-2015 of Payments Détails des paiements VOLUME 3 Treasury Board Secrétariat du Secretariat Conseil du Trésor PUBLIC COMPTES ACCOUNTS PUBLICS OF ONTARIO DE L’ONTARIO Detailed Schedules 2014-2015 of Payments Détails des paiements VOLUME 3 TABLE OF CONTENTS/TABLE DE MATIÈRES Page General/Généralités A Guide to the Public Accounts ............................................................................................................................. iii Guide d’interprétation des comptes publics .......................................................................................................... v MINISTRY STATEMENTS/ÉTATS DES MINISTÈRES Aboriginal Affairs/Affaires autochtones ................................................................................................................. 1 Agriculture and Food/Rural Affairs/Agriculture et Alimentation/Affaires rurales .................................................... 5 Assembly, Office of the/Bureau de l’Assemblée législative ................................................................................... 15 Attorney General/Procureur général ..................................................................................................................... 25 Auditor General, Office of the/Bureau du vérificateur général ............................................................................... 47 Cabinet Office/Bureau du Conseil des ministres ................................................................................................... 49 Chief Electoral Officer, Office of the/Bureau du directeur général des élections ................................................... 51 Children and Youth Services/Services à l’enfance et à la jeunesse ...................................................................... 55 Citizenship and Immigration/Affaires civiques et Immigration ............................................................................... 71 Community and Social Services/Services sociaux et communautaires ................................................................ 77 Community Safety and Correctional Services/Sécurité communautaire et Services correctionnels ..................... 97 Consumer Services/Services aux consommateurs ............................................................................................... 115 Economic Development, Trade and Employment/Research and Innovation/ Développement économique, Commerce et Emploi/Recherche et Innovation .......................................... 117 Education/Éducation ............................................................................................................................................. 127 Energy/Énergie ..................................................................................................................................................... 141 Environment/Environnement ................................................................................................................................. 143 Finance/Finances .................................................................................................................................................. 147 Francophone Affairs, Office of/Office des affaires francophones .......................................................................... 159 Government Services/Services gouvernementaux ............................................................................................... 161 Health and Long-Term Care/Santé et Soins de longue durée .............................................................................. 173 Infrastructure/Infrastructure ................................................................................................................................... 255 Labour/Travail ....................................................................................................................................................... 257 Lieutenant Governor, Office of the/Bureau du lieutenant-gouverneur ................................................................... 263 Municipal Affairs and Housing/Affaires municipales et Logement ......................................................................... 265 Natural Resources/Richesses naturelles .............................................................................................................. 271 Northern Development and Mines/Développement du Nord et Mines .................................................................. 289 Ombudsman Ontario/Ombudsman Ontario .......................................................................................................... 293 Premier, Office of the/Cabinet du Premier ministre ............................................................................................... 295 Tourism, Culture and Sport/Tourisme, Culture et Sport ........................................................................................ 297 Training, Colleges and Universities/Formation et Collèges et Universités ............................................................ 303 Transportation/Transports ..................................................................................................................................... 317 i PUBLIC ACCOUNTS/COMPTES PUBLICS, 2014-2015 A GUIDE TO THE PUBLIC ACCOUNTS 1. SCOPE OF THE PUBLIC ACCOUNTS The 2014-2015 Public Accounts of the Province of Ontario comprise the Annual Report and Consolidated Financial Statements and three volumes: Volume 1 contains ministry statements and detailed schedules of debt and other items. The ministry statements reflect the financial activities of the government’s ministries on the accrual basis of accounting, providing a comparison of appropriations with actual spending. Ministry expenses include all expenses that are subject to appropriation approved by the Legislative Assembly, but exclude adjustments arising from consolidation of government organizations whose expenses are not appropriated. Volume 2 contains the financial statements of Government Organizations and Business Enterprises that are part of the government’s reporting entity and other miscellaneous financial statements. Volume 3 contains the details of payments made by ministries to vendors (including sales tax) and transfer payment recipients that are not deemed to be prohibited by the Freedom of Information and Protection of Privacy Act. 2. A GUIDE TO VOLUME 3 OF THE PUBLIC ACCOUNTS Detailed schedules of cash payments made by ministries are listed under the categories below. Transactions between ministries are not reported in this volume. VOTED APPROPRIATIONS (a) Salaries and Wages Suppliers of temporary help services that received payments equal to or exceeding $50,000 are listed here. Public service, Crown and Other employees paid salaries of at least $100,000 that meet the requirements of the Public Sector Salary Disclosure Act, 1996 are listed in the annual Public Sector Salary Disclosure. (b) Employee Benefits As the employer, Management Board Secretariat makes payments on behalf of all ministries to suppliers for employee benefits. Payments equal to or exceeding $50,000 made directly to a supplier by the ministry for employee benefits are listed here. (c) Travel Travel payments for employees equal to or exceeding $10,000 are listed alphabetically by employee name. Travel payments made for Ministers, Parliamentary Assistants and Deputy Ministers are included regardless of amount. (d) Transfer Payments Total payments for grants, subsidies or assistance to persons, businesses, non-commercial institutions, and other government bodies equal to or exceeding $120,000 are listed under various subheadings appropriate to the individual ministry. (e) Other Payments All other payments to suppliers of goods and services, to debtors under loan agreements, investments in the shares of Crown corporations or other entities, acquisition and construction of buildings and roads, acquisition of land and special transactions such as interest incentives and subsidies, guarantees honoured, losses on loans, repayable grants and miscellaneous payments equal to or exceeding $50,000 are listed here. STATUTORY PAYMENTS All payments made for statutory appropriations are listed here individually regardless of the amount. iii PUBLIC ACCOUNTS/COMPTES PUBLICS, 2014-2015 GUIDE D’INTERPRÉTATION DES COMPTES PUBLICS 1. PRÉSENTATION DES COMPTES PUBLICS Les Comptes publics de la province de l’Ontario pour 2014-2015 comprennent le Rapport annuel et états financiers consolidés et sont présentés en trois volumes : Le volume 1 contient les états des ministères et des annexes détaillées sur la dette et d’autres éléments. Les états des ministères portent sur les activités financières de chaque ministère. Ils sont établis selon la méthode de la comptabilité d’exercice et comparent les crédits autorisés aux dépenses réelles. Les charges des ministères comprennent toutes les charges autorisées par l’Assemblée législative, mais excluent les redressements découlant de la consolidation des organismes publics dont les charges ne sont pas autorisées. Le volume 2 contient les états financiers des organismes de services du gouvernement et des entreprises publiques qui font partie du périmètre comptable, ainsi que certains autres états financiers. Le volume 3 contient les détails de paiements effectués par les ministères aux fournisseurs (y compris
Load more

Recommended publications
  • GLC Commissioner List
    1300 Victors Way Suite 1350 Ann Arbor, MI 48108 Ph: 734-971-9135 May 26, 2021 Board of Directors Sharon Jackson, Indiana Todd Ambs, Vice Chair, Wisconsin John Linc Stine, Immediate Past Chair, Minnesota Loren Wobig, Illinois Mary Mertz, Ohio Sharon Jackson, Indiana Basia Puszkar, Ontario James Clift, Michigan Timothy J. Bruno, Pennsylvania Laura Bishop, Minnesota Martine Hébert, Québec Basil Seggos, New York Noah Roberts, Wisconsin ILLINOIS INDIANA Alternate Commissioners John Davis Commissioners Commissioners Deputy Director, Land Management Team *Loren Wobig *Sharon Jackson IN Dept. of Natural Resources Director, Office of Water Resources, Deputy General Counsel 402 W. Washington St., Room W256 IL Dept. of Natural Resources Office of the Governor of Indiana Indianapolis, IN 46204 One Natural Resources Way 200 W. Washington Street, Room 206 Ph: (317) 232-4025 Springfield, IL 62702 Indianapolis, IN 46204 [email protected] Ph: (217) 782-9130 Ph: (317) 232-4564 [email protected] [email protected] Chris Smith Deputy Director, Regulatory Team Stephanie Comer Steven A. Fisher IN Dept. of Natural Resources Comer Family Foundation Executive Director 402 West Washington St., Room W256 939 W. North Avenue, Suite 850 American Great Lakes Ports Association Indianapolis, IN 46204 Chicago, IL 60642 700 12th Street, NW, Suite 700 Ph: (317) 232-1557 Ph: (312) 274-0546 x 1203 Washington, DC 20005 [email protected] [email protected] Ph: (202) 625-2102 Fax: (202) 625-2104 John J. Kim [email protected] MICHIGAN Director, Illinois Environmental Protection Agency Kay L. Nelson Commissioners 1021 North Grand Avenue East Director of Environmental Affairs *James Clift P.O.
    [Show full text]
  • D'ombrain's Machinery of Government for Safe Drinking Water in Ontario
    DRAFT _______________________________________________________________________________________ Machinery of Government for Safe Drinking Water in Ontario Discussion Paper Nicholas d’Ombrain d’Ombrain Inc. ______________________________________________________________________________________ 30/03/01 Page 1 This draft paper has been prepared as a background document for the Walkerton Inquiry. It is intended to generate and inform discussion about the safety of drinking water among parties with standing, relevant experts, and the public. It does not represent the findings, views or recommendations of the Commissioner. Written comments in response to the paper are welcome and will form part of the public record of the Inquiry. They should be submitted to: Part 2 Comments The Walkerton Inquiry 180 Dundas Street West, 22nd Floor Toronto, Ontario M5G 1Z8 DRAFT _______________________________________________________________________________________ Contents Purpose and Structure of the Report........................................................................................................ 5 Part I: Drinking Water Management and Public Policy......................................................................... 7 Water and Governments ........................................................................................................................... 7 Federal Role........................................................................................................................................ 11 Provincial Role ..................................................................................................................................
    [Show full text]
  • Freedom Liberty
    2013 ACCESS AND PRIVACY Office of the Information and Privacy Commissioner Ontario, Canada FREEDOM & LIBERTY 2013 STATISTICS In free and open societies, governments must be accessible and transparent to their citizens. TABLE OF CONTENTS Requests by the Public ...................................... 1 Provincial Compliance ..................................... 3 Municipal Compliance ................................... 12 Appeals .............................................................. 26 Privacy Complaints .......................................... 38 Personal Health Information Protection Act (PHIPA) .................................. 41 As I look back on the past years of the IPC, I feel that Ontarians can be assured that this office has grown into a first-class agency, known around the world for demonstrating innovation and leadership, in the fields of both access and privacy. STATISTICS 4 1 REQUESTS BY THE PUBLIC UNDER FIPPA/MFIPPA There were 55,760 freedom of information (FOI) requests filed across Ontario in 2013, nearly a 6% increase over 2012 where 52,831 were filed TOTAL FOI REQUESTS FILED BY JURISDICTION AND RECORDS TYPE Personal Information General Records Total Municipal 16,995 17,334 34,329 Provincial 7,029 14,402 21,431 Total 24,024 31,736 55,760 TOTAL FOI REQUESTS COMPLETED BY JURISDICTION AND RECORDS TYPE Personal Information General Records Total Municipal 16,726 17,304 34,030 Provincial 6,825 13,996 20,821 Total 23,551 31,300 54,851 TOTAL FOI REQUESTS COMPLETED BY SOURCE AND JURISDICTION Municipal Provincial Total
    [Show full text]
  • Public Transit Footnotes
    [14] September 17, 2009 Approved by Management Board of Cabinet. Memorandum of Understanding between: Her Majesty the Queen in right of Ontario as represented by the Minister of Transportation and Metrolinx. Sections 2.3 Ministry’s Role. Within the context of this MOU, the Ministry’s role is to provide strategic leadership, planning and central oversight as steward of the transportation system in Ontario. The Minister, considering the advice of the Ministry, establishes strategic directions and Government priorities, and develops legislation, regulations, standards, policies and directives. The Ministry also monitors, evaluates and reports on the performance of the transportation system and the transportation of Ontarians, and establishes funding models and funding levels for the transportation system. 2.4 Metrolinx Mandate. As per section 5 of the Act, the objects of Metrolinx are to provide leadership in the co-ordination, planning, financing, development and implementation of an integrated, multi-modal transportation network in the Regional Transportation Area; act as the central procurement agency on behalf of Ontario municipalities with respect to their local transit systems; be responsible for the operation of the Regional Transit System and the provision of other transit services. 2.5 Agency Classification and Applicability of Government Directives. Metrolinx is an operational enterprise agency of the Crown and is accountable to the Crown through the Minister in exercising its mandate. Metrolinx is subject to the financial, human resources and administrative policies, guidelines and directives established by TB/MBC [Treasury Board and Management Board of Cabinet] and the Ministry of Finance that apply to Operational Enterprise agencies. In particular, Metrolinx is required to follow those directives listed in Schedule A, Part 1 of this MOU.
    [Show full text]
  • The Office of Premier of Ontario 1945-2010: Who Really Advises?
    The Office of Premier of Ontario 1945-2010: Who Really Advises? Patrice Dutil and Peter P. Constantinou This article focuses on the composition of the Ontario Premier’s office and uses an institutionalist approach to put the influence of advisors in context. It looks at expenditures attributed in the Public Accounts to the Premier’s Office and staffing. It assumes that the number of advisors and their placement in the decision-making hierarchy should have a material impact on the quantity and quality of the advice being received by the Premier. Among other things the articles 2013 CanLIIDocs 388 shows that the classic policy/administration divide was not clearly defined in Ontario. Instead it exhibits a back-and-forth habit of experimentation that depended on the personality of the prime minister, the capacities of political and bureaucratic advisors, and the stages of the governmental cycle. There have been discernible cycles in the hiring of political staff and in the growth of expenditures that would indicate the Premier’s Office was more concerned with campaign preparations and externalities than it was in rivaling bureaucratic influence. Compared to Ottawa, where the structures of the Prime Minister’s Office and the Privy Council Office have been far more distinct in this similar time frame, the Ontario experience reveals itself as one of constant experimentation. or almost two generations, observers of all sorts In her study for the Gomery Commission, Liane have almost unanimously lamented the growth in Benoit noted that political staff (or “exempt staff”) Finfluence of prime ministerial advisors. Members played a valuable role in advising Prime Ministers.
    [Show full text]
  • Justine Hartley
    Long Term Care Covid-19 Commission Mtg. Meeting with MS. Hartley and Ms. Bauman on Thursday, January 7, 2021 77 King Street West, Suite 2020 Toronto, Ontario M5K 1A1 neesonsreporting.com | 416.413.7755 Long Term Care Covid-19 Commission Mtg. Meeting with MS. Hartley and Ms. Bauman on 1/7/2021 1 1 2 3 4 5 6 7 MEETING OF THE LONG-TERM CARE COVID-19 COMMISSION 8 9 10 11 12 13 -------- 14 --- Held via Zoom Videoconferencing, with all 15 participants attending remotely, on the 7th day of 16 January, 2021, 10:00 a.m. to 11:30 a.m. 17 -------- 18 19 20 21 22 23 24 25 neesonsreporting.com 416.413.7755 Long Term Care Covid-19 Commission Mtg. Meeting with MS. Hartley and Ms. Bauman on 1/7/2021 2 1 BEFORE: 2 3 The Honourable Frank N. Marrocco, Lead Commissioner 4 Angela Coke, Commissioner 5 Dr. Jack Kitts, Commissioner 6 7 PRESENTERS: 8 9 MINISTRY OF HEALTH: 10 Justine Hartley, Acting Director, Health System 11 Emergency Management Branch 12 Jessica Bauman, Senior Program Management Lead in 13 SOC - Special Projects, Cabinet Office 14 15 PARTICIPANTS: 16 17 Alison Drummond, Assistant Deputy Minister, 18 Long-Term Care Commission Secretariat 19 Ida Bianchi, Counsel, Long-Term Care Commission 20 Secretariat 21 Kate McGrann, Counsel, Long-Term Care Commission 22 Secretariat 23 John Callaghan, Counsel, Long-Term Care Commission 24 Secretariat 25 Lynn Mahoney, Counsel, Long-Term Care Commission neesonsreporting.com 416.413.7755 Long Term Care Covid-19 Commission Mtg. Meeting with MS. Hartley and Ms.
    [Show full text]
  • Metrolinx & Infrastructure Ontario Alternative Financing And
    Metrolinx & Infrastructure Ontario Alternative Financing and Procurement for East Rail Maintenance Facility REQUEST FOR PROPOSALS RFP No. 14-097P (RFP Version 1.0) TABLE OF CONTENTS Page SECTION 1 – INTRODUCTION............................................................................................... 1 1.1 General ................................................................................................................... 1 1.2 Prequalified Parties and Proponent Representatives .............................................. 2 1.3 Overview of the Stages of Project Procurement and Implementation ................... 3 1.4 Fairness Monitor .................................................................................................... 3 SECTION 2 – THE RFP DOCUMENTS AND THE DATA ROOM ..................................... 4 2.1 RFP Documents ..................................................................................................... 4 2.2 Conflicts or Inconsistencies in Documents ............................................................ 5 2.3 Distribution of Documents to Proponents.............................................................. 6 2.4 Data Room ............................................................................................................. 6 2.5 Proponent Investigations ........................................................................................ 7 SECTION 3 – THE RFP PROCESS .......................................................................................... 7 3.1 RFP
    [Show full text]
  • Roadshow 2019 Women in Leadership
    PUBLIC SECTOR NETWORK’S Women in Leadership Roadshow 2019 Your Roadmap to Leadership Excellence Toronto November 18 Ottawa November 22 Victoria November 26 Edmonton November 28 Proudly Supported By Sponsored By Marketing Partner PSN Proudly Supports 01 / introduction What? Who? While Canada is currently a leader with respect There is a pressing need to do more, and most Professionals from government in the roles of: to gender equity in public service, there is still organizations realize this: commitment to gender work that needs to be done. Whether it be in the diversity is at an all-time high. C-Suite Executives form of breaking the glass ceiling or the sticky Mid-level and Frontline Managers floor, we need to be more ambitious if we are to PSN’s Women in Leadership Roadshow delivers Directors and Managers of Human Resources achieve our goals. practical sessions and transferable knowledge to Workplace Diversity and Inclusivity Managers transform your department, showing you how to One of the most powerful reasons for the lack make a real, and lasting, difference in creating true of progress is a simple one: we have blind spots workplace gender equity. when it comes to diversity, and we can’t solve problems that we don’t see or understand clearly. Why? Hear exclusive Create and implement Gain insight into setting Examine how the public one-on-one discussions strategies to develop sector is prioritizing appropriate targets & with some of North pipelines of future leaders reporting structures gender equality across all America’s leading public three tiers of government sector women on their journey to the top in a male-dominated industry WOMEN IN LEADERSHIP roadShow 2019 call: +1 647 969 4509 // email: [email protected] 02 / locations OTTAWA | NOVEMBER 22 EDMONTON | NOVEMBER 28 Dr.
    [Show full text]
  • Behavioural Insights Key Concepts, Applications and Regulatory Considerations
    BEHAVIOURAL INSIGHTS KEY CONCEPTS, APPLICATIONS AND REGULATORY CONSIDERATIONS March 29, 2017 INVESTOR OFFICE OSC Staff Notice 11-778 2 OSC Investor Office Behavioural Insights Report OSC Staff Notice 11-778 For questions or comments related to this report, please contact: Tyler Fleming Director, Investor Office [email protected] 416-593-8092 James (Jason) Stewart Senior Advisor, Investor Office [email protected] 416-593-2387 Myha Truong-Regan Senior Economist, Research and Analysis Group [email protected] 416-593-8157 ACKNOWLEDGEMENTS This report was produced by staff of the Ontario Securities Commission, including the primary author James (Jason) Stewart, Tyler Fleming, Myha Truong-Regan, Kevan Hannah, Jason Durham, Denise Morris, Beth Demissie, Domini Canales and Michelle La Fleche. Reviews and other assistances for chapters 1-3 were provided by BEWorks’ Michelle Hilscher, Kelly Peters and Wardah Malik, as well as the University of Toronto’s Dr. Dilip Soman for chapter 1. Insights, feedback and other research were provided by: Paul Adams; Dr. Dan Ariely; Kelly Bidwell; Ravi Dutta; Sarah Edmondson; Dr. Rory Gallagher; Salvatore Gnoni; Stefan Hunt; Dr. Derek Koehler; Elizabeth Hardy; Dr. Julian House; Dr. Jeremy Ko; Dr. Pete Lunn; Clare Marlin; Faisal Naru; Kelly Peters; Matteo Rava; Dr. Odette van de Riet; Dr. Alain Samson; Dr. Dilip Soman; Christian Stenta; Hilary Viney; Geraldine Walsh; Cindy Ward; Damian Yip; Dr. David Yokum. OSC Staff Notice 11-778 OSC Investor Office Behavioural Insights Report 3 TABLE OF 6 Executive Summary 10 Introduction and Report Overview CONTENTS 16 Chapter 1: Setting the Foundations: The core concepts, principles and successes of behavioural insights 17 Why behavioural approaches gained momentum in the public sector 19 Section A: Foundations, milestones and the public sector adoption of behavioural insights 19 I.
    [Show full text]
  • 3.14 Use of Consultants and Senior Advisors in Government
    Chapter 3 Section 3.14 Use of Consultants and Senior Advisors in Government from $434 million in the 2008/09 fiscal year to 1.0 Summary $360 million in 2017/18, with fluctuations over those 10 years. About 80% of the 2017/18 spending was for IT The Ontario Public Service requires external servi- consultants, and the rest for consultants in manage- ces and advice from time to time when its own staff ment, communications, policy, technology, and are unavailable or lack the required skills or exper- research and development. tise. It usually fills these needs by using consultants The Province does not track its spending on and advisors. As a general rule: advisory services, but we estimated it at about consultants provide expertise and strategic • $4 million a year. advice to government for use in decision- We audited the procurement of goods and making; and services, including consulting services, in a 2016 • advisors provide high-level advice to the Pre- report titled “Supply Chain Ontario and Procure- Chapter 3 • VFM Section 3.14 mier or a minister. ment Practices,” and noted an over-reliance by the Using consultants can be costly, as they are gen- government on IT consultants. Since the audit, both erally paid more than full-time staff. In 2016, the the Treasury Board Secretariat and Supply Chain Treasury Board Secretariat compared the cost of Ontario made improvements and hired additional information technology (IT) consultants to similar full-time staff with a goal of reducing the reliance full-time staff, and determined that an IT consult- on IT consultants.
    [Show full text]
  • Annual Report 2017-2018 Legislative Assemblée Assembly Législative of Ontario De L’Ontario
    ENCOURAGING A CULTURE OF INTEGRITY OFFICE OF THE Integrity Commissioner of Ontario Annual Report 2017-2018 Legislative Assemblée Assembly législative of Ontario de l’Ontario Office of the Integrity Commissioner Bureau du commissaire à l’intégrité The Honourable J. David Wake, Commissioner L’Honorable J. David Wake, Commissaire June 2018 The Honourable Dave Levac Speaker of the Legislative Assembly of Ontario Dear Mr. Speaker, It is an honour to present the Annual Report of the Office of the Integrity Commissioner for the period April 1, 2017, to March 31, 2018. Sincerely, The Honourable J. David Wake Integrity Commissioner Table of Contents Commissioner’s Message 4 Members’ Integrity 16 Ministers’ Staff Ethical Conduct 30 Expenses Review 40 Disclosure of Wrongdoing 45 Lobbyists Registration 54 Outreach 70 Financial Statement 71 2 The Office of the Integrity Commissioner of Ontario | Annual Report 2017–2018 YEARS 1997 » The Honourable Robert AT THE C. Rutherford appointed Integrity Commissioner OIC 1998 » Lobbyists Registration Act passed — Ontario becomes first Canadian jurisdiction to require registration 1999 1994 » Lobbyists registry 1988 launched online » Amendments made to the Members’ Conflict » Members’ Conflict of of Interest Act, with 2001 Interest Act passed the name changed to » The Honourable Members’ Integrity Act » The Honourable Gregory T. Evans Coulter A. Osborne appointed Integrity appointed Integrity Commissioner Commissioner » Office of the Integrity Commissioner established The Office of the Integrity Commissioner of Ontario | Annual Report 2017–2018 3 2014 2007 » Amendments to the Lobbyists Registration » Lynn Morrison appointed Acting Act passed Integrity Commissioner » Amendments to the Public » Public Service of Ontario Sector Expenses Review Act comes into effect — Act passed — Integrity Office obtains Disclosure of Commissioner given Wrongdoing and Ministers’ Staff jurisdiction to review Ethical Conduct mandates the expenses of any public body 2009 2016 » Public Sector Expenses Review Act passed » The Honourable J.
    [Show full text]
  • OSC Staff Notice 11-783 Encouraging Retirement Planning Through Behavioural Insights
    OSC Staff Notice 11-783 Encouraging Retirement Planning through Behavioural Insights July 27, 2018 Introduction As part of the Ontario Securities Commission’s (OSC or we) strategy and action plan to respond to the needs and priorities of Ontario seniors, described in OSC Staff Notice 11- 779, Seniors Strategy (the Seniors Strategy), we are publishing Encouraging Retirement Planning through Behavioural Insights, a research report that identifies behaviourally informed ways that government, regulators, employers, and financial institutions can encourage retirement planning. The report, which is appended to this Notice, also includes the results of a randomized experiment that evaluated several of the approaches proposed in the report. Purpose As discussed in the Seniors Strategy, the OSC’s vision is a stronger and more secure financial future for all Ontario seniors. Promoting retirement planning contributes to this vision: It can provide individuals with greater certainty and peace of mind as to their financial lives and lead to higher levels of wealth accumulation.1 Prior OSC research revealed that many Ontarians are not planning for retirement: Its 2017 Investing As We Age study found that 54 per cent of pre-retired Ontarians aged 45 or older have no retirement plan, and that only 14 per cent have a formal, written plan. Understanding the barriers preventing more Ontarians from planning for retirement will help us better serve the public interest and work towards the vision described in the Seniors Strategy. It also reflects our commitment, outlined in our 2018-19 Statement of Priorities,2 to: 1 Annamaria Lusardi, Planning for Retirement: The Importance of Financial Literacy, 19(3) Public Policy and Aging Report 7, at p.
    [Show full text]