New Funding Rules For Ontario Pension Plans

The new funding rules for defined benefit pension plans in Ontario have been in force for a few months. These changes are generally considered as positive changes by plan sponsors, although they add complexity to the funding requirements. By now, plan sponsors and administrators will have had a chance to review the rules and will need to consider the impact of the changes on their plans and determine the appropriate actions to be taken. This pensions and benefits bulletin provides a summary of the key changes (focusing on single-employer pension plans) and our recommended steps for plan sponsors and administrators to move forward.

A Summary of the New Ontario Funding Rules

Solvency Funding and Use of Letters of Credit