The Pension Benefits Act (Ontario) was recently amended. In this communiqué, we briefly review those amendments.
On June 29, 2012, legislation for Pooled Registered Pension Plans (PRPPs) has been given Royal Assent.
On May 17, 2012, the Province of Nova Scotia adopted Bill 86, the NewPage Port Hawkesbury Pension Plans Act in response to a request by members of Local 972 of the Communications, Energy, and Paperworkers Union of Canada. The Act extends the life of four underfunded defined pension plans for the employees of the former NewPage Port Hawkesbury pulp and paper mill.