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ARTICLE · 04 NOVEMBER 2010

Moving Forward with Phase Two of Ontario Pension Reform

Blake, Cassels & Graydon LLP
Blake, Cassels & Graydon LLP
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On October 19, 2010, the Ontario government introduced the second phase of provincial pension reform into the Legislative Assembly through the first reading of Bill 120, An Act to amend the Pension Benefits Act and the Pension Benefits Amendment Act, 2010. The second phase of pension reform builds on the first phase, which was previously discussed in our June 2010 and December 2009 bulletins.

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, November 2010

OVERVIEW

On October 19, 2010, the Ontario government introduced the second phase of provincial pension reform into the Legislative Assembly through the first reading of Bill 120, An Act to amend the Pension Benefits Act and the Pension Benefits Amendment Act, 2010. The second phase of pension reform builds on the first phase, which was previously discussed in our June 2010 and December 2009 bulletins.

Bill 120 introduces many, but not all, of the reform initiatives announced by the Minister of Finance in his August 24, 2010 Press Release and Technical Backgrounder, as covered in our August 2010 bulletin. Additionally, Bill 120 introduces new initiatives that were not mentioned in the Press Release and Technical Backgrounder. In this bulletin, we will address the key changes initiated by Bill 120 to the Ontario Pension

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