The impact of recent Ontario Pension Benefit Act changes
The impact of recent Ontario Pension Benefit Act changes
The impact of recent Ontario Pension Benefit Act changes
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November 21, 2012<br />
CAPSA activity<br />
July 2012, draft Defined Contribution <strong>Pension</strong> Plan Guideline<br />
Comment period for pension stakeholders ended on November 1, 2012<br />
Supplements the best practices in CAPSA Guideline No. 4 relating to<br />
DCPPs<br />
Summary ....<br />
• Members responsible for investment choice and using decision<br />
making tools and obtaining qualified investment advice<br />
• PAs responsible for providing information to members to help them<br />
understand and estimate their retirement benefits<br />
• Specifically, PAs should consider providing an estimate <strong>of</strong> what each<br />
member's account value will provide at retirement and an annual<br />
estimate based on the accumulated account balance<br />
25<br />
2012 <strong>Ontario</strong> <strong>Pension</strong> Changes
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