Latest news in Governance/legislation

Do process

Do process

Good governance leads to better outcomes for a pension plan. That’s a given. If the party responsible for administering a plan builds a system, constructs…

CTF says pensions shouldn’t go to convicted politicians

CTF says pensions shouldn’t go to convicted politicians

In light of the Deloitte report on inappropriate Senate expenses, the Canadian Taxpayers Federation is renewing its call for a new law that would take…

  • By: Staff
  • May 13, 2013 September 13, 2019
  • 16:59
Quebec introduces bill to create VRSPs

Quebec introduces bill to create VRSPs

The Government of Quebec has tabled a bill to create voluntary retirement savings plans in the province.

Court upholds DPSP pre-retirement locking in

Court upholds DPSP pre-retirement locking in

Thanks to some creative plan design, the Ontario Court of Justice has recently upheld the contractual pre-retirement locking-in provisions in a deferred profit sharing plan…

Convicted N.S. MLAs would lose pension under new amendment

Convicted N.S. MLAs would lose pension under new amendment

The Government of Nova Scotia has introduced an amendment to take back pensions from members of the legislative assembly convicted of a serious indictable offence.

  • By: Staff
  • May 7, 2013 September 13, 2019
  • 16:38
Ontario proposes PRPPs in 2013 budget

Ontario proposes PRPPs in 2013 budget

The 2013 Ontario budget proposes introducing pooled registered pension plans in the province.

CFIB says C/QPP hike will hurt Canadian economy

CFIB says C/QPP hike will hurt Canadian economy

Increasing Canada Pension Plan (CPP) and Quebec Pension Plan (QPP) benefits would hurt the economy, according to a report by the Canadian Federation of Independent…

  • By: Staff
  • May 2, 2013 September 13, 2019
  • 10:38
Supreme Court dismisses Carrigan case

Supreme Court dismisses Carrigan case

The Supreme Court of Canada has dismissed the application for leave to appeal in Carrigan v. Carrigan Estate, a case that has changed how pre-retirement death…

  • By: Staff
  • April 1, 2013 September 13, 2019
  • 07:00
Is investment choice necessary?

Is investment choice necessary?

The first DB to DC pension plan conversion I was involved in took place in 1986. Back then, a DC pension plan was called a…

  • By: Greg Hurst
  • March 13, 2013 September 13, 2019
  • 06:50
Sustaining pensions in union environments

Sustaining pensions in union environments

The 2008 economic crisis and its lasting aftermath have significantly influenced the dynamics of collective bargaining in both the public and private sectors in Canada.…

Indalex: Outcomes of wearing multiple hats

Indalex: Outcomes of wearing multiple hats

On Feb. 1, 2013, the Supreme Court of Canada (SCC) released its hotly anticipated decision in the Sun Indalex Finance, LLC v. United Steelworkers (Indalex)…

Strategy: Dynamic dual at CAAT

Strategy: Dynamic dual at CAAT

After posting strong returns in the mid-2000s following the tech bubble, the Colleges of Applied Arts and Technology (CAAT) Pension Plan was hit hard in…

Pension law developments

Pension law developments

While 2012 saw strong investment returns for Canadian DB pension plans, solvency funding issues continued to be a challenge. With similar patterns expected to continue…

  • By: Neil Faba
  • February 21, 2013 September 13, 2019
  • 09:31
CIBC CEO calls for CPP-like vehicle in pension reform debate

CIBC CEO calls for CPP-like vehicle in pension reform debate

Canadians should have the choice to make additional voluntary contributions to the Canada Pension Plan in order to avoid facing a significant decline in living…

  • By: Staff
  • February 20, 2013 September 13, 2019
  • 08:17
Indalex: Know where to hang your hat

Indalex: Know where to hang your hat

The impact of the Supreme Court of Canada’s Feb.1 decision in Sun Indalex Finance, LLC v. United Steelworkers (Indalex) on lenders and credit markets has…

  • By: Mark Firman
  • February 11, 2013 September 13, 2019
  • 07:24
Can underperformance be predictable?

Can underperformance be predictable?

While most investors employ active management in an attempt to achieve market beating performance, I don’t believe investors fully realize just how likely it is…

East coast municipalities grapple with pension debt

East coast municipalities grapple with pension debt

The City of Saint John, New Brunswick was beset last year by debate over its gaping $195 million pension deficit, so bad that a consultant…

Take caution with pension committee email

Take caution with pension committee email

Pension litigation has been on the rise for many years. A recent decision of the Nova Scotia Supreme Court provides an important reminder to employers…

Barriers to pension plan de-risking

Barriers to pension plan de-risking

Historically, Canadian pension accounting standards were viewed as one of the barriers encountered by employers wishing to reduce pension risk. These barriers included the ability…

  • January 15, 2013 September 13, 2019
  • 09:30
A newer model

A newer model

The target benefit plan (TBP) is a new pension model gaining both attention and momentum in Canada for its potential to provide plan members with…

Best of pensions 2012

Best of pensions 2012

Employees are staying into the workforce for much longer than their parents and grandparents did. There are both social and financial reasons driving this trend.…

  • By: Staff
  • December 24, 2012 September 13, 2019
  • 10:22
Comparing retirement systems: Canada vs. U.S.

Comparing retirement systems: Canada vs. U.S.

In Canada, there has been a lot of talk about the current public retirement system and how it should be improved. But how does Canada’s…

New bill addresses Alberta private sector pensions

New bill addresses Alberta private sector pensions

The Alberta government has introduced Bill 10, the Employment Pension Plans Act, in the provincial legislature. The bill aims to allow plan administrators to more…

  • By: Neil Faba
  • October 29, 2012 September 13, 2019
  • 09:38
Flashback: When Quebec phased retirement

Flashback: When Quebec phased retirement

For generations, the concept of retirement centred around a one-time event: you worked to age 65, then your employer sent you off with a gold…

  • By: Neil Faba
  • October 26, 2012 September 13, 2019
  • 07:07
HOOPP, OPSEU, CAAT sign pension deal with province

HOOPP, OPSEU, CAAT sign pension deal with province

Ontario finance minister Dwight Duncan publically announced yesterday that the province and The Healthcare of Ontario Pension Plan (HOOPP), The Ontario Public Service Employees Union…