In its 2022 budget on Thursday, the Ontario government said it’s implementing a permanent target-benefit pension plan framework in 2023. The budget noted specified Ontario…
The Supreme Court of British Columbia has upheld the B.C. Credit Union Employers’ Pension Plan’s decision to increase its normal retirement date to age 65…
Last week’s federal budget proposed more borrowing flexibility for registered defined benefit plans. The proposal would replace the historical 90-day term limit on short-term borrowing…
Canadian pension plans are the most transparent in the world, according to a new report by Top1000funds.com and CEM Benchmarking Inc. The report, which uses…
The federal government’s 2022 budget is addressing long-standing rules preventing defined benefit plan sponsors from borrowing in most circumstances. In the $56-billion budget, which is…
Changes to the calculation of commuted pension values in Canada are making it more challenging for defined benefit pension plan members to determine an optimal…
While Quebec’s Auditor General Guylaine LeClerc says the Caisse de Dépôt et Placement du Québec’s exposure to international and private markets is increasing fraud and corruption…
Ahead of the upcoming provincial election, Ontario Liberal Leader Steven Del Duca is promising several benefits for employees and employers in his economic platform. The platform,…
Idaho lawmakers are calling for a ban on investments in environmental, social and governance compliant companies by its state pension funds. Proposed by Republican State…
The Association of Canadian Pension Management is calling on Prince Edward Island’s pension regulator to amend the Employment Standards Act to facilitate auto-enrolment and auto-escalation…
Canadian employers should consider the pros and cons of employee share ownership plans on both sides of the border. Loren Rodgers, executive director of the…
In certifying a pension class action by Brewers Retail Inc., an Ontario Superior Court judge denounced the Financial Services Regulatory Authority of Ontario for defying…
Developing a made-in-Canada approach to employee ownership trusts will address multiple public policy challenges, according to a new report by non-profit Social Capital Partners. Employee-owned…
An article on British Columbia’s paramedics and their need for enhanced mental-health benefits was the most read story over the past week on BenefitsCanada.com. Here…
Target-benefit plans are being hampered by a disconnect between how they’re regulated and how they’re managed, according to a new report for the C.D. Howe Institute.…
With Ontario’s defined benefit pension plans in their best financial shape since 2009, the Financial Services Regulatory Authority of Ontario is advising plan sponsors and…
In response to the ongoing conflict between Russia and Ukraine, the Alberta Investment Management Corp. and the British Columbia Investment Management Corp. are divesting from…
Representatives from a few of Canada’s most progressive pension plans weighed in on topics ranging from plan design to the various challenges posed by legislation…
The Canadian Association of Pension Supervisory Authorities is establishing a new committee with a mandate to develop a risk management guideline for pension plans. The…
The strength of equities was among the factors pushing the transaction volume of Canada’s group annuities market to a record high in 2021, according to…
The average Ontario defined benefit pension plan is in the best funded position since December 2009, according to the Financial Services Regulatory Authority of Ontario’s…
The Financial Services Regulatory Authority of Ontario is consulting on proposed pension benefits guarantee fund assessment deadlines and calculations guidance, which is designed to assist plan administrators…
As a nuclear power provider, Bruce Power’s culture emphasizes the importance of risk-averseness. This is reflected in the company’s efforts to secure the indexed benefits…
A thousand members of the Anglican Church of Canada’s defined contribution pension plan are joining the General Synod pension plan, effective Jan. 1, 2022. The…
The governor of the U.S. Virgin Islands is refinancing more than US$800 million worth of bonds following numerous attempts to save a public pension system that…