Ontario looks to ease valuation rules for defined benefit plans

2016-08-12T21:03:05-07:00August 12th, 2016|Categories: Defined Benefit Plans|Tags: , , |

The Ontario government is asking defined benefit plan executives in the province for their views on how to change its complex pension fund valuation rules. At issue is the current practice of filing two valuations each plan year: one is a solvency valuation that values a DB plan as though it had been terminated and all obligations settled as of the filing year; and the other, a going-concern valuation that assumes the plan will never be terminated. Both public [...]