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 />
Conclusion<br />
• Change to date is mostly member friendly<br />
- Plan members will need to become more engaged on how their plans<br />
deliver benefits to them<br />
- Sponsors will need to better communicate the “pension deal” to<br />
members<br />
• Final thoughts …<br />
- DC pension plans can expect not only increased levels <strong>of</strong> compliance<br />
but increased costs to comply<br />
- DB pension plans as we know them will need to innovate to survive<br />
and manage risk<br />
34<br />
2012 <strong>Ontario</strong> <strong>Pension</strong> Changes
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