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…

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….

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…

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,…

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…

New OHSA Regulations Filed

On December 6, 2010, the Ontario government filed a number of regulatory amendments under the Occupational Health and Safety Act, including: O. Reg. 480/10 (Firefighters—Protective Equipment), amending O. Reg. 714/94 in respect of protective garment standards for firefighters performing interior structural fire suppression duties; and O. Reg. 479/10 (Designated Substance—Asbestos on Construction Projects and in…