Pension plan sponsors should take the opportunity to tell the provincial government what changes need to be done to keep the pension system sustainable, according to Kathryn Bush, an expert advisor on the Ontario Expert Commission on Pensions(OECP).
“The key is for people to speak up,” she said today at Blake, Cassels & Graydon’s Recent Developments in Pension and Employee Benefits Law seminar in Toronto.
Last November, the province set up the commission to review pension laws for the first time in two decades.
Among the factors the OECP will consider are recommendations that should be practical, affordable and implementable. “I like that and I hope it can be done,” Bush said.
The commission will be holding public hearings in the fall.
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