Tag: ontario pension changes

NEW Amendments to the Pension Benefits Act

The New Rules On November 27, 2014, new amendments to the Pension Benefits Act (Ontario) came into force, relating to Statements of Investment Policies and Procedures (SIPPs). One of the most significant changes proposed in this amendment was the requirement to disclose in a plan’s SIPP if environmental, social, and governance (ESG) factors are incorporated...

Proposed changes for Ontario Pension Plans – Bill 236

The Pension Benefits Amendment Act, 2009(Bill 236) which received first reading in the Legislative Assembly of Ontario on December 9, 2009 proposes a number of changes that will affect both plan sponsors and plan members of pension plans. The proposed changes include: •Immediate vesting upon joining plan •Elimination of partial plan windups •Increase in...