Tag: Act s. 80.1
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Ontario FSRA Publishes Final Guidance re Pension Assent Transfers
The Financial Services Regulatory Authority published final guidance: Supervisory Approach to Defined Benefit Asset Transfers under the PBA . . .
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Ontario FSRA Consultation re Pension Asset Transfers
The Financial Services Regulatory Authority published its new Supervisory Approach to Asset Transfers under the Pension Benefits Act for consultation . . .
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Kreppner v. HMQ, 2019 ONSC 6667 – Multiple Pension Claims Re Divestment Continue in Small Claims Court
As a part of the divestment of the Municipal Property Assessment Program to the Ontario Property Assessment Corporation (now Municipal Property Assessment Corporation or "MPAC"), employees ceased to be active members of the Ontario Public Service Pension Plan (PSPP) and became active members of the Ontario Municipal Employees Retirement System Pension Plan (OMERS). At the time of the divestment, employees' accrued benefits were not transferred from PSPP to OMERS. As a result, on retirement, employees would receive two separate pensions (one from each plan) for service before and after December 30, 1998 . . .
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Ontario Bill 138 Includes PBA Amendments
Ontario introduced Bill 138, Plan to Build Ontario Together Act, 2019, for first reading on November 6, 2019. Bill 138 includes certain housekeeping amendments to the Ontario Pension Benefits Act . . .
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Ontario Bill 173 re Budget Amendments
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