Preparing pension policy: The agenda for 2002

By Sheryl Smolkin
|Canadian HR Reporter|Last Updated: 07/23/2002

The evolution of pension policy can best be described as “hurry up and wait.” The pension industry was asked in the summer of 2001, on short notice, to comment on no less than six policy documents.

In the case of the proposed merger of the Ontario Securities’ Commission (OSC) and the Financial Services Commission of Ontario (FSCO) and FSCO’s proposed policy on Advanced Pension Rulings (APRs), this was the second round of consultations. Release for comment on a model law prepared by the Canadian Association of Pension Supervisory Authorities (CAPSA) was also expected. With one exception, all other issues remain under consideration, and it is unlikely that any major substantive matters will be addressed before the spring or summer of this year.