Ontario gives employers pension relief

More than 4,000 of Canada's 11,000 DB plans under Ontario regulation
|hrreporter.com|Last Updated: 01/13/2009

Ontario employers will have an extra five years to meet their pension funding obligations, according to an announcement by the province's Minister of Finance.

The move follows an announcement from Ottawa last month that the government was giving all federally regulated employers 10 years, instead of five, to cover any shortfalls in their pension plans.