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ARTICLE · 17 JUNE 2010

Moving Forward with Phase One of Ontario Pension Reform

Blake, Cassels & Graydon LLP
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On May 18, 2010, Bill 236, the Pension Benefits Amendment Act, 2010, received Royal Assent.

CanadaEmployment and HR
Pension & Employee Benefits Group
Pension & Employee Benefits Group
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Copyright 2010, Blake, Cassels & Graydon LLP

Originally published in Blakes Bulletin on Pension & Employee Benefits, June 2010

INTRODUCTION

On May 18, 2010, Bill 236, the Pension Benefits Amendment Act, 2010, received Royal Assent. This represents the first stage of pension reform in Ontario.

Bill 236 amends the Ontario Pension Benefits Act (the PBA) by enacting some of the changes proposed in the Expert Commission on Pensions, A Fine Balance: Safe Pensions, Affordable Plans, Fair Rules (the Expert Report), including dealing with the key issues of plan wind-ups, grow-in, asset transfers, plan splits and mergers, surplus, plan communications and record-keeping, and regulatory oversight and plan administration.

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