The Voice of Multi-Employer Plan Interests in Canada

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June 30, 2017 – TORONTO – The Multi-Employer Benefit Plan Council of Canada (MEBCO) is the expert voice of multi-employer plan interests in Canada. MEBCO welcomes yesterday’s announcement by the province of Ontario that there will be permanent relief from solvency funding for SOMEPPs. This has been a goal MEBCO has advocated for on behalf of our members for several years.

However, MEBCO remains concerned about the introduction and uncertainty regarding a provision for adverse deviation (PfAD) requirement because it can have unintended consequences such as intergenerational inequity.   MEBCO remains committed to working with the Ministry of Finance to develop funding, and more specifically reserve requirements, that are appropriate for Ontario MEPPs.   Accordingly, MEBCO will take all available opportunities to make submissions on these issues that are of critical importance for all members and beneficiaries of these plans.

In yesterday’s announcement, the government intends to introduce legislation in the fall and regulation in 2018 to implement these changes and will be consulting on the details of the new framework, including the design of the reserve and how plans transition to the new requirements. As an interim step, the government is extending the temporary solvency funding exemption currently in place for SOMEPPs by one year to August 2018.

For more information, please contact:

Michael Mazzuca
MEBCO Director
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Joining MEBCO

Five reasons why your MEBCO membership is critical
Your MEBCO membership guarantees that multi-employer plan interests will be considered whenever change is on the horizon. With your support, MEBCO will continue to be a strong and effective voice. Join today!
  1. The threat to multi-employer plans is real.
    The legislative framework is constantly changing, and cost-management and cost reduction are at the top of every agenda.
  2. Legislative changes can be significant.
    Recent proposed changes have threatened to offload costs onto plans, restrict plan coverage, and have compromised the viability of some plans
  3. Multi-employer plans are worth protecting.
    Multi-employer plans play a vital role in providing health services and retirement plans to over 1 million workers and their families in industries typified by small companies and a mobile work force.
  4. Multi-employer plans need a united lobby.
    Multi-employer plans carry a low profile due to the fact that the coverage is thinly spread over many employer groups and mobile workers.
  5. MEBCO is committed to protecting your interests.
    When governments propose changes, MEBCO is the single, clear voice at the table representing the unique interests of multi-employer plans.