News & Updates
Ontario issues updated consultation paper for permanent target benefit framework
September 20, 2023
Ontario's Ministry of Finance has released a second consultation paper — based on stakeholder feedback — on proposed regulations for implementing a permanent target benefit framework.
Key revisions include plan administrators having discretion in establishing their provision for adverse deviations (PfAD), streamlined conversion requirements, allowance for commuted value calculation adjustments and the introduction of a communications policy requirement.
Feedback is encouraged to refine these proposals further. Comments are due by October 17, 2023.
Click on more information to read more or to comment on the updated proposal:
