April 24, 2018
Ontario Regulation 250/18 (the “Funding Regulation”) was issued on April 18, 2018 and introduces a new funding regime for Ontario-registered defined benefit (“DB”) pension plans. The new DB funding regime essentially replaces the existing…Read More
March 29, 2018
On March 28, 2018 the Ontario Government released its 2018 Budget, A Plan for Care and Opportunity (the Budget), along with companion legislation, Bill…Read More
January 15, 2018
Missing former members have long been an issue for pension plan administrators. Historically, missing beneficiaries posed challenges when pension payments were scheduled to commence and at the time of a plan wind-up. In 2017, administrators were for the first time required to provide a biennial…Read More
November 21, 2017
Ontario introduced Bill 177, Stronger, Fairer Ontario Act (Budget Measures), 2017, for first reading on November 14, 2017. The Bill makes a number of amendments to the Ontario Pension Benefits Act (the PBA), which will be of interest to employers and pension plan…Read More
October 05, 2017
In December 2016, the Ontario legislature passed changes to the Ontario Pension Benefits Act (PBA) which, when proclaimed into force, will authorize the Superintendent of Financial Services (the Superintendent) to impose administrative monetary penalties (AMPs) in connection…Read More