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Reform at Last

Christmas arrived early for plan sponsors and members as the Government of Ontario introduced legislation on Dec. 9, 2009, to amend the Ontario Pension Benefits…

Full Disclosure

As defined contribution (DC) pension plans gain international traction in today’s weakened economy, the issue of meaningful fee disclosure has garnered significant attention. Unlike the…

Benefits Canada’s top 10 pension governance stories of 2009

1. HST a dark horse for plan sponsors Ontario’s Harmonized Sales Tax will be implemented a year from now. What it means for plan sponsors…

  • By: Staff
  • December 31, 2009 September 13, 2019
  • 00:00
ABCP fines ‘no deterrent’

ABCP fines ‘no deterrent’

While the majority of retail asset backed commercial paper investors got 100% of their principal investment back, many believe the firms that sold ABCP have…

  • By: Mark Noble
  • December 22, 2009 September 13, 2019
  • 00:00

The pension disconnect: does Canada really have a problem?

On the eve of the federal-provincial finance ministers meeting in Whitehorse, a curious disconnect is emerging in Canada. A chorus of prominent voices has been…

Ignatieff calls for pension reform

Liberal leader Michael Ignatieff is backing the idea of a supplementary government pension plan, saying Canadians are not saving enough for retirement. “We are calling…

  • By: Jody White
  • December 8, 2009 September 13, 2019
  • 00:00

Lessons from the Wal-Mart union case

On Nov. 27, 2009, the Supreme Court of Canada handed down a decision in Plourde v. Wal-Mart Canada Corp., which upheld a long-standing principle of…

  • By: Jody White
  • December 2, 2009 September 13, 2019
  • 00:00

2009 Benefits Canada Awards: Volunteer Award

For most early retirees, free time is something had in spades. But Don Walcot, involved with numerous pension- and investment-related committees, is as busy now—if…

2009 Benefits Canada Awards: Plan Sponsor Award

The workforce at SNC-Lavalin is not your typical group of employees. Highly skilled (most are engineers) and mobile (continuously moving from one project to another…

2009 Benefits Canada Awards: Plan Member Communications Award

Getting plan members to think about their pension plans well before they are on the brink of retirement—and helping them to understand the true value…

2009 Benefits Canada Awards: Lifetime Achievment Award

Including alternative investments or global equities in a pension portfolio is becoming increasingly common, but that wasn’t always the case—and Carl Otto, chair emeritus of…

2009 Benefits Canada Awards

On Nov. 5, 2009, key individuals in the pension community gathered at the Fairmont Royal York hotel in Toronto for a gala event to celebrate…

  • By: Staff
  • December 1, 2009 September 13, 2019
  • 00:00

Report from Atlantic Canada -Sifting Through the Aftermath

Retirement plan sponsors and members in Atlantic Canada, like their counterparts elsewhere in the country, spent 2009 sifting through the aftermath of the economic storm.…

Being Accountable

Public companies will be required to transition to International Financial Reporting Standards (IFRS) for fiscal reporting periods starting in 2011. They will need to comply…

Role Models

Amherst (Town) v. Nova Scotia (Superintendent of Pensions) (Amherst) is the first case to address the issue of who is considered an “employer” for the…

Pension reform is upon us again

Many Canadian pension plan sponsors will recall the late 80s and early 90s as a time of significant change. Over a span of about six…

Small business, pension reform, focus of pension summit

The role of small businesses in increasing pension coverage for Canadian workers and pension reform were the main topic of discussion at the 2009 Canadian…

Plan designs under review

The efforts of many Canadian plan sponsors are being devoted to risk exposure, employee communication and education around retirement income adequacy, a recent survey reveals.…

  • By: Jody White
  • November 13, 2009 September 13, 2019
  • 00:00

Quebec amends pension solvency regulation

A revised version of the Regulation to Amend the Regulation Respecting Supplemental Pension Plans has been released by the Gazette officielle du Québec, according to…

  • By: Jody White
  • November 11, 2009 September 13, 2019
  • 00:00

Rethinking retiree benefits

Making changes to retiree benefits plans is the new norm for Canadian employers. While most employers expect to keep a retiree benefits plan in place,…

Controlling Interests

It is clear at law that when an employer assumes the role of pension plan administrator, it becomes a fiduciary. However, the employer does not…

  • By: Paul Litner
  • November 1, 2009 September 13, 2019
  • 00:00

Spare No Expense

The Supreme Court of Canada’s recent and much anticipated ruling in Elaine Nolan et al. v. Kerry (Canada) Inc. et al. has brought some needed…

Kerry Quite Contrary

In Elaine Nolan et al. v. Kerry (Canada) Inc. et al., the Supreme Court of Canada reviewed several issues—most significantly, the level of deference to…

  • By: Murray Gold
  • November 1, 2009 September 13, 2019
  • 00:00

Pensions at Risk

The economic crisis of 2008 significantly diminished the assets held by Canadian pension plan funds, impairing the solvency funding levels of defined benefit (DB) pension…

Report on Western Canada: West Test

The West has certainly been an active contributor to the incredible activity on the pension reform front that we have seen since 2007. Following a…