On October 7, 2014, the Financial Services Commission of Ontario (“FSCO”) announced that it will be publishing Investment Guidance Notes (“Guidance Notes”) with respect to various investment activities of Ontario registered pension plans. The Guidance Notes will set out FSCO’s expectations and identify issues that plan administrators should consider and address in respect of the…
Insights
Hicks Morley publishes a number of materials, both electronic and print, on issue-specific and sector-specific topics of interest to our clients. Our insights section has links to all of our various publications, updates and blogs, both current and historical, to keep you informed of developments in the law that impact human resources.
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Human Resources Legislative Update
Ontario Proposes Pension Regulations
· 1 min readOn October 3, 2014, the Ontario government published proposed amendments (“Proposed Amendments”) to Regulation 909 of the Pension Benefits Act (“PBA”) that incorporate stakeholder feedback received in response to proposed amendments first published on April 25, 2014, as previously discussed. The government is inviting comments from stakeholders on the following new Proposed Amendments: Statements for…
FTR Now
On September 19, 2014, the federal government released long-awaited regulations for public comment that would, if adopted as drafted, implement significant reforms to the current framework governing federally-regulated private pension plans. Investment-related reforms will also have implications for Ontario regulated pension plans, and for pension plans regulated by other provinces where such jurisdictions have adopted…
Human Resources Legislative Update
On September 19, 2014, the federal government released long-awaited regulations for public comment that would, if adopted as drafted, implement significant reforms to the current framework governing federally regulated private pension plans. Investment-related reforms will also have implications for Ontario regulated pension plans, and for pension plans regulated by other provinces where such jurisdictions have adopted the federal…
Human Resources Legislative Update
On July 16, 2014, the Ontario government introduced Bill 18, the Stronger Workplaces for a Stronger Economy Act, 2014 (“Bill 18”), proposed legislation that would, if passed, make significant changes to a number of employment-related statutes, including the Employment Standards Act, 2000, the Occupational Health and Safety Act and the Workplace Safety and Insurance Act,…
FTR Now
On July 8, 2014, the Ontario government re-introduced broader public sector (“BPS”) accountability and transparency legislation. If passed, proposed measures in Bill 8, the Public Sector and MPP Accountability and Transparency Act, 2014, would give the government the authority to create comprehensive compensation frameworks for certain employers in the BPS, and would implement a number…
Human Resources Legislative Update
On May 17, 2014, the Ontario government published regulatory amendments to Regulation 909 (General) under the Pension Benefits Act that: clarify that for purposes of determining the total amount of all letters of credit (“LOC”) held in trust for the pension fund for inclusion in the solvency asset adjustment, the value of any special payments…
FTR Now
Commencing on July 1, 2014, all Ontario employers are required to ensure that workers and supervisors receive mandatory safety awareness training pursuant to O. Reg 297/13, Occupational Health and Safety Awareness and Training. In this FTR Now, we provide a brief reminder about these new training obligations, which were discussed in detail in our November…
FTR Now
On April 29, 2014, Ontario’s Workplace Safety and Insurance Appeals Tribunal (the “Tribunal”) issued a significant decision regarding entitlement to benefits for chronic mental stress under the Workplace Safety and Insurance Act, 1997 (“WSIA“). In Decision No. 2157/09, the Tribunal found that the provisions in the WSIA limiting entitlement to mental stress that “arises from…
Human Resources Legislative Update
On May 2, 2014, prior to the dissolution of the Legislature, the Ontario government published regulatory amendments to s. 4 of Ontario Regulation 253/07 made under the Workplace Safety and Insurance Act, 1997 (“WSIA”). O. Reg. 113/14 adds the following six cancers to the list of diseases that are prescribed for the purposes of the presumptive…