The Ontario government has announced that it will introduce the 2nd set of pension legislative reforms this fall in its continued efforts modernizing Ontario’s pension legislation. Most of the reforms will be implemented by regulatory amendments. Although the exact details of the reforms are not yet available, the government’s press release indicates that the 2nd set of reforms will address plan funding, surplus rules and sustainability of Ontario’s PBGF. The 1st set of reforms were introduced by Bill 236 earlier this year but most of the provisions are not yet in force. We will monitor the progress of the reforms and provide you with updates on their progress and their potential impact on pension plans.”