Surprise announcement - Ontario unis granted pension solvency relief

I was caught off guard by the announcement today that Ontario’s public universities are being granted pension solvency relief.

I knew there were significant discussions occurring between the Ministry of Training, Colleges, and Universities and the Ministry of Finance.

I didn’t know that an announcement was imminent.

The government news release is available here: Putting University Pension Plans On A Sustainable Track

I’ve filed to my GlobeCampus online column and it should go up later this afternoon following edits. (You would not believe how many times my editors have saved my hind.)

I’m also writing a brief news story for The Hamilton Spectator which should appear in tomorrow’s print edition.

This is a significant announcement by the Ontario government which will alleviate a budget pressure that was going to effect the quality of classroom education.