Human Resources Legislative Update

Ontario’s Phase II Pension Reform Bill Receives Royal Assent

Human Resources Legislative Update

Ontario’s Phase II Pension Reform Bill Receives Royal Assent

Date: December 9, 2010

On December 8, 2010, Bill 120, the Securing Pension Benefits Now and for the Future Act, 2010, received Royal Assent.

As previously reported, the Bill passed at Third Reading on December 7, 2010 after being amended by the Standing Committee on Finance and Economic Affairs under an accelerated schedule for consideration and debate.