Pension plan sponsors and administrators have much to anticipate
with the release of the 2017 Ontario Budget: A Stronger,
Healthier Ontario (Budget) on April 27, 2017. The Budget
provides updates to several pension reform initiatives that many
stakeholders have been waiting for, as well as new proposals aimed
at benefiting plan sponsors, administrators and members. The Budget
also recaps recent major changes to the pension landscape,
including the future enhancements to the Canada Pension Plan and
the ability to implement Pooled Registered Pension Plans in
Ontario.
Review of Ontario's Solvency Funding
Framework
Plan sponsors of defined benefit (DB) pension plans will be most
interested in the Ontario government's progress in reviewing
the solvency funding regime in Ontario. Last summer, a consultation
paper was released outlining two general approaches for reforming
Ontario's solvency funding framework: (i) maintaining the
requirement to fund on both going concern
