Ontario initiates pension surplus reform

Interested parties are invited to respond to consultation paper
|hrreporter.com|Last Updated: 04/08/2003

Jim Flaherty, Ontario minister of finance, has announced that the province will consult with interested parties to ensure that pension surplus sharing arrangements “find a balance between employers and employees.”

The province has taken the first step in the process by releasing a consultation paper,

Surplus Distribution from Defined Benefit Pension Plans