Jordan Fremont Quoted in Benefits Canada on Changes in Jointly Sponsored Pension Plans
Benefits Canada quoted Hicks Morley’s Jordan Fremont in an April 9, 2019 article titled “Ontario Removes Red Tape for Pension Plans Joining JSPPs.” The article discusses how the Ontario government is eliminating the requirement of government approval for employers seeking to merge single-employer pension plans with jointly sponsored pension plans. This change is intended to make it easier for employers to pool risk, according to a release from the province’s Ministry of Finance.
“It’s significant because it’s one extra step that has now been removed,” Jordan said. “That transition still can be quite difficult […] but this removes one hurdle — not a barrier, but a hurdle.” he added.