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Ontario Ministry of Finance launches consultations on proposed regulations for permanent target benefit framework

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April 10, 2023

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In March, the Ontario Ministry of Finance launched consultations for proposed regulations needed to make a permanent target benefit framework.

The Ministry said its goal is to “strengthen governance, improve transparency and support long-term plan sustainability for plan members and employers” by using written disclosures, policies and funding requirements.

And to help plans convert to target benefits, the Ministry said it will implement a set of transitional measures.

Comments are due by June 30, 2023.

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