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ARTICLE · 17 DECEMBER 2008

Ontario Expert Commission on Pensions: The Final Report

Osler, Hoskin & Harcourt LLP
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The Ontario Expert Commission on Pensions released its final report, entitled “A Fine Balance: Safe Pensions; Affordable Plans, Fair Rules” (the Report), which contains 142 recommendations to the Ontario government for "reforming and reinvigorating" the pension system in Ontario.

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The Ontario Expert Commission on Pensions released its final report, entitled "A Fine Balance: Safe Pensions; Affordable Plans, Fair Rules" (the Report), which contains 142 recommendations to the Ontario government for "reforming and reinvigorating" the pension system in Ontario. The Ontario government has asked for "focused feedback" on the Report by February 27, 2009.

As the title of the Report indicates, the Commission was clearly trying to balance various stakeholder interests. Whether the Report got it right, and how and to what extent the Ontario government will act on the Report's recommendations, only time will tell.

Another theme or principle running through the Report was to "accept that one size doesn't fit all." Many of the Report's recommendations differentiate between single-employer pension plans (SEPPs); multi-employer pension plans (MEPPs) and jointly sponsored pension plans (JSPPs).

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