Topics Pension Grow-In Benefits: How it will Change your Employee Termination Practices in Ontario Pay Equity: Are You Compliant? 20 Years and Counting
Implementation of Key Ontario Pension Reform Measures is Imminent
On April 30, 2012 and May 3, 2012, the Ontario Ministry of Finance issued two separate draft regulations that propose changes to the general Regulation 909 under the Ontario Pension Benefits Act (the “PBA Regulations”). Together, these two draft regulations are referred to in this FTR Now as the “Draft Regulations.” As discussed in our…
Ontario Releases Proposed Grow-In Benefit Regulations
Further to the release of pension reform proposals, on Thursday, May 3, 2012 the Ontario government published additional draft amendments to General regulation 909 under the Pension Benefits Act (“Act”). As anticipated, the draft regulations prescribe additional “activating events” or circumstances that would trigger grow-in benefits for the purpose of s. 74(1), paragraph 3 of…
Stephanie Kalinowski Featured in Benefits Canada
Hicks Morley’s Stephanie Kalinowski was featured in the May 2012 edition of Benefits Canada in the “Your Say” section of the publication. In the column, Stephanie answers a question related to grow-in benefits for Ontario pension plan sponsors. She provides a brief summary of the implications that the new grow-in rule will have.
Long-Awaited Grow-In, Regulatory Pension Reforms Released
On Monday, April 30, 2012, the Ontario Ministry of Finance published long-awaited, proposed regulatory amendments under the Pension Benefits Act (“Act”), including additional, proposed prescribed “activating events” for the purposes of grow-in benefits that come into force on July 1, 2012, for public commentary.
Stephanie Kalinowski Interviewed on Canadian HR Reporter
Hicks Morley’s Stephanie Kalinowski was interviewed by Canadian HR Reporter regarding the upcoming changes to the Ontario Pension Benefits Act. She discusses the expansion of the grow-in rule, how it will impact defined benefit pension plans and their members and how it will affect termination practices. While the rule change is expected to come into…
2011 Summer Issue
FOCUS ON THE FEDERAL SECTOR Federal expertise LEGAL DEVELOPMENTS Pension reform – HR opportunities and challenges The ongoing evolution of privacy rights PROFILE Continuing education Download PDF
Ontario Introduces Draft Pension Reform Legislation
INTRODUCTION Following on the heels of the Report of the Ontario Expert Commission on Pensions (“OECP”), the Ontario Government released draft pension reform legislation on December 9, 2009. Bill 236, Pension Benefits Amendment Act, 2009 (“Bill 236”) marks the beginning of what the Government is calling a multi-stage pension reform process to modernize Ontarios pension…