Latest news in Governance/legislation

Veterans Affairs accused of skipping consultations on Pensions for Life

Veterans Affairs accused of skipping consultations on Pensions for Life

Veterans Affairs is being accused of avoiding consultations with veterans after introducing details of its Pensions for Life program. The new pension plan, taking effect April…

A look ahead at pension legislative changes for 2019

A look ahead at pension legislative changes for 2019

While 2018 ushered in a number of significant changes to Ontario’s pension legislation, including a major revamping of the funding rules for defined benefit plans,…

  • December 28, 2018 September 13, 2019
  • 08:30
Top 10 pension and retirement stories of 2018

Top 10 pension and retirement stories of 2018

Readers were focused on the Canada Pension Plan and old-age security in 2018, with the top three most read stories tackling those topics. Benefits Canada rounds…

  • By: Staff
  • December 24, 2018 September 13, 2019
  • 09:00
Appeal court upholds ruling in RCMP pension case

Appeal court upholds ruling in RCMP pension case

The Federal Court of Appeal is upholding a ruling denying female Royal Canadian Mounted Police employees the opportunity to buy back into their pension plan after…

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Canadian taxpayers bearing risk of public DB pension plans: report

Canadian taxpayers are providing $22 billion each year to the country’s public sector pension plans by assuming undisclosed investment risks, according to a new report…

  • By: Staff
  • December 6, 2018 January 12, 2021
  • 10:48
Sears pensioners reach settlement, without priority creditor status

Sears pensioners reach settlement, without priority creditor status

Sears Canada Inc.’s pensioners reached a settlement last week after they were denied priority over the company’s other creditors. The settlement is subject to certain…

  • By: Staff
  • December 3, 2018 September 13, 2019
  • 10:38
A look at Alberta’s incoming joint pension governance structure

A look at Alberta’s incoming joint pension governance structure

Although it’s somewhat late in the making, Alberta’s new pension legislation proposing a joint governance structure for three of the province’s largest pension plans appears…

Pension deficits, dividend payments among topics in new government consultation

Pension deficits, dividend payments among topics in new government consultation

The federal government is asking Canadians to weigh in on a consultation paper that tackles issues related to pension underfunding and bankruptcy and insolvency laws.…

A primer on the incoming CPP/QPP enhancements

A primer on the incoming CPP/QPP enhancements

In 2016, the Government of Canada reached an agreement with the provinces that provides for significant enhancements to the Canada Pension Plan, with an announcement of…

  • November 27, 2018 September 13, 2019
  • 08:00
Feds launch consultations on enhancing retirement security of Canadians

Feds launch consultations on enhancing retirement security of Canadians

The federal government is launching national consultations on enhancing the retirement security of Canadians, including potential actions on pension regulations and bankruptcy and insolvency laws.  Previously…

  • By: Staff
  • November 23, 2018 September 13, 2019
  • 09:20
Considerations for employers around the incoming CPP enhancements

Considerations for employers around the incoming CPP enhancements

With just about a month to go until the federal government’s long-awaited Canada Pension Plan enhancements kick in on Jan. 1, 2019, Scott Perkin is…

Development, communications of CPP changes inadequate: CLC

Development, communications of CPP changes inadequate: CLC

The proposed financial sustainability provisions of the enhanced Canada Pension Plan destabilize Canadians’ understanding and expectation of the CPP, and create challenges around communicating the…

  • By: Staff
  • November 21, 2018 September 13, 2019
  • 15:15
CLHIA changing timeline for G19 compensation disclosure

CLHIA changing timeline for G19 compensation disclosure

After consulting with more than 500 advisors, the Canadian Life and Health Insurance Association is making a number of changes to its G19 guideline pertaining to…

  • By: Staff
  • November 21, 2018 September 13, 2019
  • 10:34
Alberta tables legislation on joint governance of public sector pensions

Alberta tables legislation on joint governance of public sector pensions

The Alberta government tabled new pension legislation Tuesday proposing a joint governance structure for three of the province’s largest pension plans —the Local Authorities Pension Plan,…

  • By: Staff
  • November 20, 2018 September 13, 2019
  • 17:00
Tips for meeting CAPSA’s pension governance guidelines: Part III

Tips for meeting CAPSA’s pension governance guidelines: Part III

The first two parts of this series explored the first 10 principles of the Canadian Association of Pension Supervisory Authorities’ guidelines on pension governance. As…

Ontario to move forward with variable benefits from DC pensions

Ontario to move forward with variable benefits from DC pensions

The Ontario government is moving forward with legislation around variable benefits from defined contribution plans, facilitating mergers into jointly sponsored pension plans and enabling the…

FSCO releases guideline for administrative penalties under pension act

FSCO releases guideline for administrative penalties under pension act

The Financial Services Commission of Ontario has released its guideline for administrative penalties related to violations of the province’s Pension Benefits Act. The change was…

  • By: Staff
  • November 14, 2018 September 13, 2019
  • 15:45
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Plan to create a national securities regulator is constitutional: Supreme Court

The Constitution allows Ottawa and the provinces to set up a national securities regulator, the Supreme Court says in a ruling that could help advance…

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Canada-model pensions are most efficient system: report

Using a Canada-model pension plan, employees would see $5.32 in retirement income for every dollar they contribute compared to the typical $1.70 resulting from an individual approach,…

Latest CAPSA consultation looks at electronic pension communication

Latest CAPSA consultation looks at electronic pension communication

The Canadian Association of Pension Supervisory Authorities has released a draft revision of its guideline No. 2, which looks at electronic communication in the pension industry. The…

  • By: Staff
  • November 6, 2018 September 13, 2019
  • 09:20
OPTrust appoints new chair, vice-chair

OPTrust appoints new chair, vice-chair

The OPSEU Pension Trust’s board of trustees has appointed Tim Hannah as its new chair. Having most recently served as vice-chair, he is replacing Vicki Ringelberg, who will…

  • By: Staff
  • November 5, 2018 September 13, 2019
  • 10:04
Maximum pensionable earnings for 2019 and other CRA updates

Maximum pensionable earnings for 2019 and other CRA updates

The Canada Revenue Agency has announced that the maximum pensionable earnings under the Canada Pension Plan for 2019 will be $57,400, up from $55,900 in…

Great-West Life’s Aarssen awarded for industry leadership

Great-West Life’s Aarssen awarded for industry leadership

Perseverance, communication and innovation are just a few of the words used to describe Jeff Aarssen. Aarsseen, the recently retired vice-president of group customer sales at Great-West…

  • By: Ryan Murphy
  • October 30, 2018 September 13, 2019
  • 09:00
Ford promises pension ‘regulatory relief’ for Algoma steelworkers

Ford promises pension ‘regulatory relief’ for Algoma steelworkers

Ontario’s Premier Doug Ford is pledging his support for Ontario steelworkers and their pensions in the wake of the United States’ government’s 25 per cent tariff on Canadian steel.…

  • By: Staff
  • October 29, 2018 September 13, 2019
  • 16:00
Public sector pension changes coming when Alberta legislature resumes

Public sector pension changes coming when Alberta legislature resumes

Alberta Premier Rachel Notley says the NDP government will introduce new pension legislation soon after the legislature resumes Monday. Speaking to the United Nurses of Alberta,…