Ontario pension plans sitting on unclaimed $3 billion owed to people they cannot locate via financialpost
Play Video
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
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Toronto cop charged with manslaughter, aggravated assault in teen's deathOntario\u0027s police watchdog has charged a Toronto Police officer with manslaughter and aggravated assault in the April 2021 death of a teen.
Read more »
Research project addresses skills shortage in forestry sector - constructconnect.com - Daily Commercial NewsBARRIE, ONT. - Forests Ontario and the Ontario Forest Industries Association, with support from an advisory committee, have collaborated on an Employment Ontario research project entitled Bridging the Gap Between Ontario’s Youth and the Provincial Forest
Read more »
Ontario pension plans sitting on unclaimed $3 billion owed to people they cannot locateSome 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
Read more »
Ontario lawyer facing discipline after filing $229-million lawsuit against sugar baby he was 'obsessed' withAn Ontario lawyer who filed a $229-million lawsuit against his former “sugar baby” for alleged fraud had his case dismissed after the court found he'd become 'obsessed' with the young woman when she attempted to end their arrangement.
Read more »
Business confidence wanes in Ontario's economy, says Chamber reportRead the full story and comment on Tbnewswatch.com
Read more »
Ontario grocery chain that went viral for low prices reveals how they keep costs downAn Ontario grocery chain said they are seeing an 'unprecedented' surge in customers after a recent TikTok revealing the company’s low food prices went viral.
Read more »