On April 25, 2014 Ontario government has announced several proposed regulations that will affect the administration of Ontario-registered pension plans.
Key changes included in the proposed regulations are:
- Variable benefit accounts for pension plans which provide defined contribution (DC) benefits;
- Disclosure of environmental, social and governance factors (ESG factors) in Statements of Investment Policies and Procedures;
- Requirements for annual statements for former and retired members.
Pension plan sponsors, unions as well as all other stakeholders are invited to submit their comments relating to these proposed regulations. Details on how to submit your comments are provided under each key change in the publication.
For the complete article in PDF format please click on the following link: “Ontario Government Announces Proposed Regulations for Pension Plans“.