Some of Ontario\u0027s 175,000 \u0027missing\u0027 plan members may have moved to other jobs and are unaware of the benefits they’ve accumulated. Read more
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in Canada’s largest province. Still others may not even have retired yet but have moved to other jobs and are unaware of the benefits they’ve accumulated.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails or any newsletter. Postmedia Network Inc. | 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300A welcome email is on its way.
Often, the assumption is that the employer or government will pass along such details to the plan administrator but that isn’t the way it works, according to FSRA. The scope of the problem started to become clear following the requirement to communicate more frequently with terminated and retired members, she said, and the regulator has been collecting the data from hundreds of company and multi-employer pension plans in Ontario as it considers whether policy or regulatory steps should be taken to tackle the issue.Article content
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