The Ontario government has decided not to go ahead with the pension reforms in a pending pension reform bill pertaining to partial wind-up, following a decision released last wek by the Ontario Court of Appeal.

The OCA upheld a lower court decision mandating that an employer – Monsanto Canada Inc. in this particular case – distribute any pension surplus to the plan members, when a pension is being partially wound-up.

In response, the Ontario government says that it will not proclaim the sections of Bill 198 pertaining to this issue until it completes consultations on the issue.