Last night, Dalton McGuinty resigned as premier and prorogued the Ontario Legislature. This means that all legislative business has ceased and all legislation currently being considered dies on the order paper. When a new session of the Legislature is eventually convened, it will be a new session of parliament, accompanied by a Throne Speech. All […]
pensions
On June 29, 2012 OCUFA met with Bill Morneau, the Government of Ontario’s advisor on joint asset management, to present its brief on pooling the assets of Ontario public pension plans . The brief highlighted seven principles OCUFA believes are essential to any asset consolidation process: The interests of plan members must be of primary consideration. The ultimate scope of a pooled asset management system […]
The 2012 Ontario Budget introduced several measures that will affect Ontario’s public sector pension plans, including those in the university sector. These include: Consultations on a new legislative framework for jointly sponsored public sector pension plans (“JSPP’s”); The introduction of framework legislation in fall 2012 to pool investment management of smaller public sector plans; The […]
In response to an inaccurate and inflammatory article published by Globe & Mail columnist Margaret Wente , OCUFA President wrote a letter to the editor. An extract was published on the Globe & Mail Website. The full text of the letter is reproduced below. Dear Editor; As usual, Margaret Wente seems more interested in her favorite talking points than in actually understanding the issue. Her column “Pension Ponzi a Raw […]