The Financial Services Commission of Ontario (FSCO) has published its first administrative position concerning one of the recent amendments to the Pension Benefits Act of Ontario (PBA).
On the heels of recent high-profile pension insolvencies such as Nortel, a patchwork of confused and ill-conceived remedial legislation in 2010 is at various stages of consideration. Bill C-501 has been criticized as potentially accelerating the demise of defined benefit pension plans by causing a re-pricing of bonds issued by employers facing higher financing costs, […]