Ontario reviews pension laws

|Canadian HR Reporter|Last Updated: 08/10/2001

Ontario has released a consultation paper to offer solutions to the problem of pension surplus sharing.

It is roundly accepted by both sponsors and members that wording regarding surplus distribution, and in particular at the time of a partial wind up, is unclear and needs changing. This was a large part of the problem in Monsanto’s lengthy battle in the courts over its partial wind up plan (see