Advisors might not be happy that Ontario’s own pension plan is going ahead but the latest move by the Ministry of Finance suggests there’s no looking back
Ontario’s Ministry of Finance announced the appointment of Saäd Rafi Tuesday as CEO of the Ontario Retirement Pension Plan Administration Corporation (ORPP AC).
Rafi, who comes to the newly created organization from his role as CEO of the Toronto 2015 Pan Am/Parapan Am Games Organizing Committee, brings a great deal of managerial experience to the administration of ORPP.
“Mr. Rafi has extensive experience in the public and private sector and he has effectively and consistently delivered positive results in complex and diverse portfolios time and time again,” said Charles Sousa, Ontario’s Minister of Finance. “I am confident that with Mr. Rafi’s knowledge, expertise and leadership at the helm of the Ontario Retirement Pension Plan Administration Corporation, we will create a stronger retirement income system in Ontario for generations to come.”
In his new role Rafi will focus on building the new Administration Corporation and delivering on its mandate to implement the Ontario Retirement Pension Plan, benefitting millions of Ontario workers. He will be responsible for developing the ORPP AC's organizational structure, engaging service delivery partners such as the Canada Revenue Agency, and overseeing the set-up of the infrastructure and technology required to administer the plan.
Advisors might not like ORPP itself but it’s hard to argue with this appointment given the job Rafi and his team did this past summer delivering arguably the most successful Pan Am Games in its history.
Rafi, who comes to the newly created organization from his role as CEO of the Toronto 2015 Pan Am/Parapan Am Games Organizing Committee, brings a great deal of managerial experience to the administration of ORPP.
“Mr. Rafi has extensive experience in the public and private sector and he has effectively and consistently delivered positive results in complex and diverse portfolios time and time again,” said Charles Sousa, Ontario’s Minister of Finance. “I am confident that with Mr. Rafi’s knowledge, expertise and leadership at the helm of the Ontario Retirement Pension Plan Administration Corporation, we will create a stronger retirement income system in Ontario for generations to come.”
In his new role Rafi will focus on building the new Administration Corporation and delivering on its mandate to implement the Ontario Retirement Pension Plan, benefitting millions of Ontario workers. He will be responsible for developing the ORPP AC's organizational structure, engaging service delivery partners such as the Canada Revenue Agency, and overseeing the set-up of the infrastructure and technology required to administer the plan.
Advisors might not like ORPP itself but it’s hard to argue with this appointment given the job Rafi and his team did this past summer delivering arguably the most successful Pan Am Games in its history.
