Human Resources Legislative Update
BPS Solvency Funding Relief Regulation Amended
Date: February 17, 2012
On February 17, 2012, the Ontario government filed an amendment to O. Reg. 178/11 (Solvency Funding Relief For Certain Public Sector Pension Plans) under the Pension Benefits Act.
O. Reg. 12/12 prescribes those plans that have successfully applied for and, are receiving, solvency funding relief under O. Reg. 178/11.
The Regulation is now in force.
The details regarding solvency funding relief for public sector pension plans were first announced in February, 2011.