Updating Pension Portability Rules for Retiring Plan Members in Ontario


Date de parution : 08/10/2015
Personne(s)-ressource(s) : Ronald Sanderson

August 10, 2015

Sandy Roberts
Director (Acting), Pension Policy Branch
Ministry of Finance
Frost Building South
5th Floor
7 Queen's Park Crescent
Toronto ON M7A1Y7

Dear Ms. Roberts:

Updating Pension Portability Rules for Retiring Plan Members

I am writing on behalf of Canada’s life and health insurance companies to seek retroactive amendment of section 42 of the Pension Benefits Act to restore the portability rights of retiring members of defined contribution pension plans. We believe that these rights were inadvertently removed as part of definitional changes to the Act...