Pension Advocacy Group Appears Before Expert Commission Reviewing Ontario Pension Legislation



    TORONTO, Oct. 17 /CNW/ - The Association of Canadian Pension Management
(ACPM) believes 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, ACPM President Scott Perkin emphasized the need to
encourage pension plan coverage, resolve funding issues and clarify several
regulatory matters.
    ACPM has been working tirelessly to ensure a regulatory environment that
encourages employers to establish and maintain pension plans that provide for
a secure retirement for Canadians. To that end, the Association has prepared a
Brief to the Ontario Expert Commission on Pensions. This Brief 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" says Scott Perkin,
ACPM President.

    About the ACPM

    The Association of Canadian Pension Management (ACPM) is the informed
voice of Canadian pension plan sponsors, administrators and their allied
service providers.
    Established in 1976, the ACPM advocates for an effective and sustainable
Canadian retirement income system through a non-profit organization supported
by a growing membership and a team of volunteer experts. The ACPM currently
has 570 individual members and 23 institutional members across Canada,
representing more than 300 pension plans with assets of over $300 billion and
over 3 million plan members.

    The ACPM promotes its vision for the development of a world leading
retirement income system in Canada by championing the following principles:

    
    - Clarity in legislation, regulations and retirement income arrangements
    - Balanced consideration of other stakeholders' interests
    - Excellence in governance and administration
    

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





For further information:

For further information: Vanessa Wilson at the ACPM (416) 964-1260 x
223

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Association of Canadian Pension Management

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