On November 22, 2017, the Ontario government passed Bill 148, Fair Workplaces, Better Jobs Act, 2017, legislation that significantly changes workplace laws in Ontario. For more information, see our recent FTR Nows (which are best read in conjunction with one another): More Changes to Bill 148 after Second Committee Review (November 17, 2017) Big Changes…
On November 14, 2017, the Ontario government introduced Bill177, the Stronger, Fairer Ontario Act (Budget Measures), 2017, omnibus legislation which, if passed, would amend several employment-related statutes. In this FTR Now, we discuss the proposed changes to the Workplace Safety and Insurance Act, 1997 and the Occupational Health and Safety Act.
New legislation has been tabled that will, if passed, change the retirement framework in Ontario – and the rules around pension plan administration, governance and funding. The proposals outlined in Bill 177, Stronger, Fairer Ontario Act (Budget Measures), 2017, include permanent solvency funding measures, discharges for annuity purchases, a new registry for missing beneficiaries, multi-employer pension plans and target benefits changes and a host of other key amendments. Learn more about these important Bill 177 pension proposals and how they could impact your organization in this FTR Now.
On November 15, 2017, amendments to the Old Age Security Regulations (Regulations) were published in the Canada Gazette to: Phase in automatic enrollment for Guaranteed Supplemental Income (GIS) benefits, alongside enrollment for Old Age Security (OAS), by the 65th birthday of eligible individuals Revert the age of eligibility for OAS benefits to age 65 from…
Significant amendments to the Employment Insurance Regulations have been filed and were published in the Canada Gazette on November 15, 2017 to implement the availability of Employment Insurance (EI) benefits for the care of critically ill adult family members and the option to extend parental leaves, initiatives outlined in the 2017 Federal Budget. The changes…
On November 16, 2017, the Standing Committee on Finance and Economic Affairs (the Committee) adopted significant amendments to Bill 148, the Fair Workplaces, Better Jobs Act, 2017 (Bill 148). These amendments are in addition to amendments the Committee made in August of this year after First Reading of Bill 148, and are expected to be adopted by the Legislature in the near future.
The pension industry is undergoing an unprecedented amount of change. In this video, Stephanie Kalinowski highlight some of the developments that are on the horizon, including a new solvency funding regime for defined benefit plans in Ontario, the introduction of administrative monetary penalties, a new regime for target benefit plans and an extended EI parental leave benefit.
On September 30, 2017, the Financial Services Commission of Ontario (FSCO) published a new policy outlining the procedures administrators must follow to obtain a waiver of the requirement to send biennial statements to missing former and retired members. Find out more in this FTR Now.
On November 14, 2017, the Ontario government introduced Bill 177, the Stronger, Fairer Ontario Act (Budget Measures), 2017 (Bill 177), omnibus legislation supporting key reforms outlined in the 2017 Ontario Economic Outlook and Fiscal Review (Fiscal Review), which was also released on that date.
With winter fast approaching, many of us are preparing for seasonal and holiday celebrations. Whether large or small, it is important that employers take proactive steps to ensure the health and safety of their employees who attend office parties or other celebrations. In this FTR Now, we are pleased to bring you our annual checklist of measures to consider implementing to help plan a safe holiday celebration for all.