On July 26, 2016, the Ontario government released a consultation paper entitled "Review of Ontario's Solvency Funding Framework for Defined Benefit Pension Plans," targeted at sponsors of single employer pension plans. This bulletin summarizes the approaches and options proposed during the course of these consultations. Interested parties have until September 30, 2016 to submit their comments.
2015 is a critical year for complying with the pay equity act. Several organizations are to complete a pay equity audit exercise before the end of the year.
Normandin Beaudry believes that the audit exercise is one of good governance and can be completed with ease and have a positive impact on your organization's employee experience.