Stephanie Kalinowski Quoted in Benefits Canada on the Impact of Bill 177 on the Pension Benefits Act
Benefits Canada quoted Hicks Morley’s Stephanie Kalinowski in a November 16, 2017 article titled “Ontario makes ‘significant step’ with new bill addressing missing members, discharges.”
The article introduces the new Bill 177 – the Stronger, Fairer Ontario Act (Budget Measures), 2017, and discusses the changes it will bring to the Pension Benefits Act (PBA). “This is a significant step,” says Stephanie. “Some of these items we’ve been waiting on for a number of years.”
“I think this is something the industry has been waiting for a long time and is going to welcome with open arms: that knowledge, that you’re fully off the hook, you don’t have to keep reporting it [those liabilities] in a valuation report”, Stephanie adds.