Tag: Act s. 55.2
Ontario has filed Regulation 207/19: The Essar Steel Algoma Inc. Wrap Pension Plan, which implements "The Wrap Plan Agreement" and "The Agreement Regarding the Wrap Plan", and revokes Regulation 202/02: Essar Steel Algoma Inc. Pension Plans . . .
Ontario filed Regulation 105/19 amending the General Regulation under the Pension Benefits Act (PBA). The amendments relate to benefit improvements, excess contributions, letters of credit, contribution holidays, provisions for adverse deviation (PfAD) and statement of investment policies and procedures (SIPP). There are also a number of amendments specifying that certain funding provisions do not apply to jointly sponsored pension plans (JSPP) and specified Ontario multi-employer pension plans (SOMEPP . . .
Ontario has published a series of regulations related to the insolvency of Essar Steel Algoma Inc. (Algoma), implementing the agreements which were reached with respect to the pension matters and the special funding rules applicable to the Algoma pension plans . . .