On October 19, 2010, the Ontario government introduced Bill 120, the Securing Pension Benefits Now and for the Future Act, 2010. As previously reported, these pension reforms will build on the first phase of reforms which were passed earlier this year.
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New Education Act Regulation Filed – Supervised Alternative Learning, Excusals
On September 29, 2010, the Ontario government published O. Reg. 374/10 under the Education Act, which sets out the rules applicable to supervised alternative learning and other excusals from attendance at school. O. Reg. 374/10 revokes Regulation 308 of the Revised Regulations of Ontario, 1990, and will come into force on February 1, 2011.
WSIB Announces Funding Review of Unfunded Liability
On September 30, 2010, the Ontario government announced that Harry Arthurs will chair the Funding Review of the unfunded liability of the Workplace Safety and Insurance Board. As announced by the WSIB on the same date, the year-long Funding Review will gather input from experts and stakeholders regarding policy issues relating to the financial future…
FSCO Publishes FAQ on Surplus Distribution for Full or Partial Plan Wind Ups
The Financial Services Commission of Ontario (“FSCO”) updated its long-running online “FAQ” for pension plan administrators to set out FSCO’s position on surplus distribution on full or partial plan wind ups in light of recent amendments to the Pension Benefits Act. A detailed discussion of the FAQ and FSCO’s position on this point is available…
New General Pension Regulation Amendments Filed
On September 17, 2010, the Ontario government filed O. Reg. 367/10 under the Pension Benefits Act, amending Reg. 909 of R.R.O. 1990 (General). The amendments extend certain filing deadlines and funding schedules under the temporary solvency funding relief regulations for two university-sponsored pension plans. By way of background, Ontario’s temporary solvency funding relief regulations were…
New Education Act Regulation Filed – Audit Committees
On September 13, 2010, the Ontario government published a regulation setting out the rules applicable to audit committees established by district school boards under subsection 253.1(1) of the Education Act. O. Reg. 361/10 is now in force.
Ontario Not-For-Profit Corporate Governance Legislation Ordered for Third Reading
On September 13, 2010, Bill 65, the Not-for-Profit Corporations Act, 2010, was reported as amended by the Standing Committee on Social Policy and Ordered for Third Reading. As previously reported, the legislation is designed to modernize the legal framework in which not-for-profit corporations operate.
Technical Pension Amendments Proclaimed In Force on October 1, 2010
On October 1, 2010, amendments to the Pension Benefits Act and Financial Services Commission of Ontario Act, 1997, set out in Bill 16, the Foundation for Jobs and Growth Act, 2010, will come into force. These Bill 16 amendments permit the Ontario government and the pension regulator to enter into agreements with other designated provincial…
Proposed Integrated Accessibility Regulation Under the AODA: FTR Now
On Friday, September 10, 2010, Hicks Morley published a detailed overview of the “Integrated Accessibility Regulation Proposed Under the AODA” in an FTR Now, which is available on our website. As previously reported, the proposed Integrated Accessibility Regulation was published by the Ontario government on September 2, 2010.
New Education Act Regulation Amendments Filed – Operation of Schools, Exchange Teachers
On September 8, 2010, the Ontario government published a regulation implementing a number of amendments to Reg. 298 of R.R.O. 1990 (Operation of Schools). O. Reg. 341/10 (Operation of Schools–General) adds section 22.1, which deals with exchange teachers. Among other things, the amendments define “criminal background checks” and “jurisdiction outside Ontario”. The O. Reg. 341/10…