Write to your MPP about the current Ontario Government review of pension funding rules.
The Ontario government has started a review of the current solvency-funding framework for Defined Benefit Plans. Similar to legislation just implemented in Quebec, this initiative could result in the amendment of the funding rules for private sector defined benefit (DB) plans, eliminating the solvency-basis funding requirement and replacing it with a going-concern funding requirement by the end of this year. This change, if implemented, would allow employers to reduce pension funding and place pensioners at much greater risk should an employer encounter any financial difficulty.
Send a message to your MPP right now.