Ontario Announces New Funding Rules for Defined Benefit Pension Plans
Doug LeFaive & Simon Archer
Read our summary of the proposed new funding rules
The Ontario Government has released a consultation paper setting out its proposed new funding rules for defined benefit pension plans registered in Ontario. These changes parallel the changes made for US Steel and its plans. The consultation paper can be found here.
Unions wishing to make submissions to the Ministry of Finance regarding its proposed rules can do so until January 29, 2018, when the consultation period is scheduled to close.