The Association of Canadian Pension Management (ACPM) says that reform of the pension system in Ontario is long overdue.

In its presentation today to the Expert Commission reviewing Ontario’s Pension Benefits Act, Scott Perkin, ACPM president, emphasized the need to encourage pension plan coverage, resolve funding issues and clarify several regulatory matters.

The ACPM’s brief to the Ontario Expert Commission on Pensions advocates for increased coverage levels, flexibility in plan design and funding, a balanced regulatory environment and leadership from Ontario with respect to efforts to harmonize pension regulation across Canada.

“We are very pleased with the government’s decision to establish this Expert Commission. We believe that with broad debate amongst all stakeholders, Ontario can create a regulatory environment that encourages, not discourages, the creation and maintenance of occupational pension plans, for the benefit of Ontarians and the competitiveness of the Ontario economy” said Perkin, in a release..

A complete copy of the ACPM brief is available at www.acpm-acarr.com.