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ARTICLE · 13 JUNE 2012

Osler Makes Submission On Draft Pension Regulations

Osler, Hoskin & Harcourt LLP
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Osler made a submission to the Ontario Ministry of Finance in response to its draft regulations regarding grow-in benefits and the Superintendent's authority to order a pension plan wind up.

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Osler, Hoskin & Harcourt LLP
Osler, Hoskin & Harcourt LLP
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Osler made a submission to the Ontario Ministry of Finance in response to its draft regulations regarding grow-in benefits and the Superintendent's authority to order a pension plan wind up. 

We understand that the draft regulations were intended to address the following issues:

  • specific circumstances in which an employer-initiated termination of employment would, and would not, be considered an "activating event" that triggers grow-in benefits;
  • requirements to be met by sponsors of jointly sponsored pension plans and administrators of multi-employer pension plans in order to elect to opt out of providing grow-in benefits; and
  • additional circumstances in which the Superintendent may order the wind up of a pension plan.

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