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ARTICLE · 31 MARCH 2010

2010 Ontario Budget - Modernizing Pensions and Retirement Income System

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The 2010 Ontario Budget was tabled on March 25, 2010. The Budget recognizes the importance of retirement security issues as the population of Ontario ages.

CanadaEmployment and HR
BLG'S Pension & Benefits Group
BLG'S Pension & Benefits Group
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The 2010 Ontario Budget was tabled on March 25, 2010. The Budget recognizes the importance of retirement security issues as the population of Ontario ages. The Budget also confirms that the pension reform efforts which began in 2009 will continue in 2010.

The following are highlights of the efforts mentioned in the Budget for modernizing the Ontario pension and retirement income system:

  • Multi-Jurisdictional Regulation. Ontario has been working with other Canadian jurisdictions to finalize an agreement for establishing clear rules for the administration and regulation of multi-jurisdictional pension plans. Ontario is also engaged in an evidence-based assessment of Canada's retirement income system, in partnership with other governments across Canada. Finance ministries are assessing a range of options to address possible future challenges facing the system based on an expert study commissioned by Ontario. Preliminary assessment is expected to be presented at the

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