Ontario pension legislation on hold

Tories freeze bill in wake of court decision, will hold consultations on changes that would make it easier for employers to keep surpluses
|hrreporter.com|Last Updated: 01/27/2003

The Ontario government has temporarily frozen changes to legislation that would have made it next to impossible for employees to get their hands on pension surpluses.

Ontario Finance Minister Janet Ecker said the province is going to hold consultations before proclaiming the parts of the legislation dealing with pension surpluses. This comes in the wake of a decision by the Ontario Court of Appeal in the