The long-awaited report by the Ontario Expert Commission on Pensions, A Fine Balance: Safe Pensions, Affordable, Fair Rules, was released on November 20, 2008. The Commission’s mandate was to conduct the first review of Ontario’s pension legislation in over 20 years.

In an effort to reform and reinvigorate Ontario’s pension system, 142 recommendations have been proposed. At the core of these recommendations are important issues related to pension plan funding. The recommendations, if implemented, will be a welcome change. However, there have been similar attempts in recommending changes to Ontario’s pension legislation in the past. Those past efforts have failed. Until the Ontario provincial government takes action, pension law in Ontario will remain unchanged. It remains to be seen whether the Ontario provincial government has the political appetite to implement any of the recommendations.

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