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- Title
Ontario Financial Services Tribunal Relieves Plan Sponsor From Funding Deficit.
- Authors
Landy, Michelle
- Abstract
The article presents the decision of the Ontario Financial Services Tribunal considering the responsibility of a plan sponsor to fund solvency deficits if an employer terminates participation in a non multi-employer pension plan (MEPP) multiple employer plan. Interpretations of the term employer offered by the parties are also explained. The case of Victorian Order of Nurses Canada (VON Canada) is cited as an example.
- Subjects
ONTARIO. Financial Services Commission; BUDGET deficits; SOVEREIGN wealth funds; PENSION trusts; NURSES
- Publication
Canadian Benefits & Compensation Digest, 2009, Vol 27, Issue 5, p8
- ISSN
1552-4744
- Publication type
Article