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ARTICLE · 24 NOVEMBER 2008

Ontario Expert Commission On Pensions Report

Blake, Cassels & Graydon LLP
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The Government of Ontario released today the final report of the Expert Commission on Pensions, A Fine Balance: Safe Pensions, Affordable Plans, Fair Rules (the Report).

CanadaEmployment and HR

Copyright 2008, Blake, Cassels & Graydon LLP

Originally published in Blakes Bulletin on Pension & Employee Benefits, November 2008

OVERVIEW

The Government of Ontario released today the final report of the Expert Commission on Pensions, A Fine Balance: Safe Pensions, Affordable Plans, Fair Rules (the Report).

In today's press release announcing the delivery of the Report, the Ministry of Finance also states that:

"To help plans manage solvency funding issues arising from recent market uncertainty, while taking into account the need for benefit security, the government is actively considering temporary solvency relief measures. The government is also working on this issue with its federal and provincial partners, through the Federal-Provincial Working Group on Pensions, announced by the Finance ministers on November 3, 2008."

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