Significant Amendments to PBA Now in Force
On July 1, 2012, significant amendments to the Pension Benefits Act made under the following acts were proclaimed into force:
- Pension Benefits Amendment Act, 2010
- Securing Pension Benefits Now and For the Future Act, 2010
- Better Tomorrow for Ontario Act (Budget Measures), 2011
- Creating the Foundation for Jobs and Growth Act, 2010
As previously reported, these amendments are further to the pension reform currently underway in Ontario. Also as previously reported, regulatory support to many of these amendments were recently filed on June 26, 2012.