Human Resources Legislative Update
FSCO Publishes FAQ on Surplus Distribution for Full or Partial Plan Wind Ups
Date: September 23, 2010
The Financial Services Commission of Ontario (“FSCO”) updated its long-running online “FAQ” for pension plan administrators to set out FSCO’s position on surplus distribution on full or partial plan wind ups in light of recent amendments to the Pension Benefits Act.
A detailed discussion of the FAQ and FSCO’s position on this point is available on our website.