Susan G. Seller is a partner in the Toronto office of Bennett Jones LLP and the head of its national pension and benefits practice.
The views expressed are those of the author and not necessarily those of Benefits Canada.
New pension asset transfer rules governing single-employer pension plans (SEPPs) came into effect in Ontario on Jan. 1, 2014. The Ontario government recently released a consultation paper proposing that the existing rules are also applied to plan mergers involving two or more multi-employer pension plans (MEPPs). The government notes that, by merging, some smaller MEPPs may […]
Most plan administrators know by now that, effective Jan. 1, 2016, the statement of investment policies and procedures will once again become a filed document with the Ontario pension regulator.
The Ontario Retirement Pension Plan (ORPP) is an unprecedented new mandatory provincial pension plan that represents the provincial government's "made-in-Ontario" solution for expanding pension coverage for eligible employees in that province. Proposed legislation enacting the ORPP was introduced by the Ontario government last year, along with an ORPP consultation paper on key design questions, and recently passed second reading.