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ARTICLE · 23 MAY 2012

Regulations Clarifying Ontario Pension Reform Agenda Introduced

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While the Pension Benefits Act (PBA) was amended in 2010 by Bills 236 and 120, regulations to clarify the Ontario government’s pension reform agenda are only now being introduced.

CanadaEmployment and HR
Susan Seller
Susan Seller
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While the Pension Benefits Act (PBA) was amended in 2010 by Bills 236 and 120, regulations to clarify the Ontario government's pension reform agenda are only now being introduced. The first batch of draft regulations (amending the general regulation under the PBA) were posted on the Regulatory Registry on April 30 and May 3. We discuss these in detail below. The budget papers from the March 2012 Ontario budget also made a number of comments about Pooled Registered Pension Plans, which we review below.

Proposed Regulations

The key proposed regulatory changes are:

  • the proclamation of the "retired member" provisions in the PBA and insertion of the words "retired member" throughout the regulations besides "former member";

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