Bill 120, Securing Pensions Benefits Now and for the Future Act, 2010, received Royal Assent on December 8, 2010. Bill 120 was one of four separate bills passed by the Ontario legislature in 2010 which included amendments to the Ontario Pension Benefits Act (“PBA“). Without a doubt, 2010 marks the most significant overhaul of Ontario’s…
Author: Hicks Morley
CPP Regulatory Amendments In Force
On January 1, 2011, Regulations Amending the Canada Pension Plan Regulations came into force (SOR/2010-300). The regulations implement the legislative amendments in the Economic Recovery Act (stimulus) (which received Royal Assent on December 15, 2009) and are intended to restore and enhance the actuarial adjustments made to Canada Pension Plan retirement pensions taken before and…
Healthcare “Quality Committee” Provisions Now In Force
On January 1, 2011, sections 3 and 4 of Bill 46, the Excellent Care for All Act, 2010, were proclaimed in force. These provide for the establishment of “Quality Committees” and their responsibilities.
Ontario’s Accountability Bill Comes Into Force
Subject to the following exceptions, Bill 122, the Broader Public Sector Accountability Act, 2010, was proclaimed in force on January 1, 2011: the amendments to the Freedom of Information and Protection of Privacy Act (“FIPPA”), which come into force on January 1, 2012; and sections 5 to 16, dealing with the reporting of consultants and…
FSCO Releases Plan Administrator Guideline for Public Consultation
On December 15, 2010, the Financial Services Commission of Ontario (“FSCO”) posted a draft consultation policy (the “policy”) regarding the management of inquiries and complaints by plan administrators. FSCO also posted a draft consultation guideline for developing a written policy (the “guideline”) on managing inquiries and complaints from plan beneficiaries for public review and commentary….
House of Commons Adjourns Until January 31, 2011
On Thursday, December 16, 2010, the federal House of Commons adjourned until 11:00 a.m. (EDT) on Monday, January 31, 2011.
Expert Panel Tables Recommendations To Improve Health and Safety
On December 16, 2010, the Expert Advisory Panel on Occupational Health and Safety tabled its Report and Recommendations to the Minister of Labour (“Report”) on ways to improve workplace health and safety in Ontario. As recommended by the Report, the government announced the creation of a Chief Prevention Officer position, which will be tasked with…
Federal Economic Recovery Bill Passes
On December 15, 2010, Bill C-47, the Sustaining Canada’s Economic Recovery Act, received Royal Assent. The Bill is omnibus legislation and addresses numerous measures of interest to employers, including: income tax reforms relating to stock option plans and employee life and health trusts as outlined in the March 2010 Budget previously reported on August 30,…
Federal Pension Regulations Proposed
On Tuesday, December 14, 2010, the federal government proposed a number of regulatory amendments to the Pension Benefits Standards Regulations, 1985 for public commentary. The proposed amendments are designed to increase protection of plan members and retirees and would, in part: permit plan sponsors to secure properly structured letters of credit in lieu of making…
Ontario Legislative Assembly Adjourns Until February 22, 2011
On December 9, 2010, the House adjourned for the winter break. It is scheduled to resume sitting on February 22, 2011.