Ontario Employment Terminations: Implications of New Pension 'Grow-In' Rules

Mondaq Business BriefingCanada Law Articles in English (2010)

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Ontario Employment Terminations: Implications of New Pension 'Grow-In' Rules

Employers that sponsor defined benefit (DB) pension plans need to put in place strategies (now) to manage recent amendments to Ontario pension legislation that will extend "grow-in" benefits to all involuntarily terminated employees who meet specified eligibility criteria. Previously, grow-in benefits applied only when a pension ...

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