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Does the Pension Benefits Guarantee Fund protect all Ontario-registered pension plans?

April 26, 2017Benefits fund guarantee Pension plans protect

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Does the Pension Benefits Guarantee Fund protect all Ontario-registered pension plans?

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No, the Pension Benefits Guarantee Fund (PBGF) provides limited protection for single-employer defined-benefit pension plans. No PBGF coverage is provided for defined-contribution pension plans; these plans provide for an accumulation of contributions and do not promise a fixed benefit. Likewise, multi-employer pension plans are excluded from PBGF coverage.