Plan administrators are welcoming the increased clarity accompanying the amendment of Ontario’s Pension Benefits Act to allow for the electronic designation of beneficiaries and the re-issue…
I was lucky enough to know my great-grandmother. I remember her living to the age of 94 — “incredible,” my family would say. But not…
Generally, when a pension plan goes through a solvency or hypothetical windup valuation, the actuaries will value some of the expected liabilities as commuted lump-sum…
It may not happen this year, or next year, or even the year after that. But sometime between now and 2025, Canadian employers will almost…
Canada’s public sector pension plans are well-respected internationally for their administration, independent governance, investments, regulation and plan design. And British Columbia’s municipal pension plan is…
The Canadian Association of Pension Supervisory Authorities has outlined its priorities for April 2019 to March 2022 in its new strategic plan, which included initiatives…
A recent report highlighting that Albertans are currently paying more into the Canada Pension Plan than the province’s retirees are taking out demonstrated an example of a…
A report published by the Canadian Public Pension Leadership Council in February 2019 offers compelling evidence about the broad benefits of workplace pension plans. The report,…
Canada’s governments should consider updating the current retirement age to match the reality of today’s workforce, according to a new report by the Canadian Institute of…
The Pension Investment Association of Canada has released comments on the proposed strategic priorities for the newly formed Financial Services Regulatory Authority of Ontario, which…
In early 2016, Rogers Communications Inc. announced it would be closing its defined benefit plan to new entrants and replacing it with a defined contribution…
Defined contribution plan sponsors should consider Canada’s public pension system when designing their plans, according to a panel comparing the Canadian system to the ones…
In its 2019 budget announcement on Thursday, the Ontario government said it’s taking a step towards implementing a framework for target-benefit pension plans. The budget…
A new paper from Ryerson University’s National Institute of Ageing is calling for the creation of workplace tax-free pension plans to better support Canadians’ financial security…
The Ontario government is eliminating the requirement of government approval for employers seeking to merge single-employer pension plans with jointly sponsored pension plans. The change, put through…
The federal government’s 2019 budget proposed changes that could affect the viability and attractiveness of stock options as a recruitment and retention tool for certain…
Multiple stakeholder groups are praising the 2019 federal budget’s proposal to amend tax rules to allow for late-life and variable annuity structures. The proposed advanced…
Alongside recent reforms to funding rules for Ontario-registered defined benefit pension plans, the Ontario government also made changes to the pension benefits guarantee fund, including improvements…
The Association of Canadian Pension Management has mixed feelings about the federal government’s proposed methods for enhancing retirement security in the wake of the high-profile Sears Canada…
The 2019 federal budget offered several proposals to help working Canadians, ranging from new leave provisions to tax benefit adjustments. A potential new leave provision is aimed at…
In its 2019 budget on Tuesday, the federal government announced a number of proposals regarding pension protections, off the back of recent high-profile corporate bankruptcies that have thrown…
The Office of the Superintendent of Financial Institutions is introducing regulations amending the assessment of pension plans on April 1, 2019. The amendments aim to…
The Canadian Labour Congress’ wish list for the upcoming 2019 federal budget includes universal national pharmacare and pensions and retirement security. For pharmacare, the group…
The Pension Investment Association of Canada responded positively to a recent update from the Canadian Association of Pension Supervisory Authorities’ leverage working group. The PIAC agreed with…
If there’s one thing Canada’s pension industry can agree on, it’s the work that needs to be done around defined contribution pension plans. In February,…