For any pension plan administrator looking for guidance around governance responsibilities, look no further than the Canadian Association of Pension Supervisory Authorities’ guideline No. 4. The…
The Ontario government has published proposed regulations relating to the funding framework for certain multi-employer pension plans seeking to convert defined benefits to target benefits.…
Stelco Inc’s owner paid $142 million into the company’s pension plans at the end of March, bringing them to a funded status of 85 per cent…
Following in the footsteps of other Canadian provinces, Quebec has introduced a bill to amend its labour laws that includes changes to sick leave entitlements. Currently, employees…
The Office of the Superintendent of Financial Institutions has published guidance on its interpretation and expectations for the default investment option selected by the administrator…
On Wednesday, Ontario Finance Minister Charles Sousa unveiled his 2018 budget ahead of the upcoming provincial election. Benefits Canada has narrowed down the key budget items that…
As part of its 2018 budget, the Ontario government unveiled a proposal to make its changes to the pension benefits guarantee fund apply retroactively to plans with a…
The dispute over pension rights at Carleton University heated up this week as the Canadian Union of Public Employees called on the Financial Services Commission of…
Over the past 25 years, Canada’s retirement system has evolved significantly through new funding frameworks and federal and provincial reforms to facilitate innovation in plan…
The Pension Investment Association of Canada is calling out Ontario’s proposed defined benefit solvency funding framework for its lack of solvency reserve account structures, a model that exists…
Providing a defined contribution pension to employees since 1969, Western University is in a unique position to share how the landscape for these plans has evolved over time and…
Referring to Sears Canada Inc.’s recent pension issues, the government announced in its 2018 budget it would seek feedback from pensioners, employees and companies in the coming months…
The Canadian Institute of Actuaries is urging Ontario to take an actuarial approach to its proposed changes for the pension benefits guarantee fund. The province has proposed increasing…
Expand the Canada Pension Plan replacement rate to 50 per cent of earnings. Cap annual contributions to registered retirement savings plans at $22,000. Establish a public…
The Canada Pension Plan enhancement will cost 64,000 jobs by the time it’s fully in effect, according to a new analysis from the Canadian Federation…
With a mature system of defined contribution pension plans, Australia offers some lessons for how Canada’s industry may evolve. At Benefits Canada’s upcoming Benefits and Pension…
The Canadian Institute of Actuaries has responded to Ontario’s description of its proposed funding rules for defined benefit plans. While the provincial government’s document, published in December 2017, included details…
The Laborers’ International Union of North America pension plan is suing a number of financial institutions for allegedly conspiring to fix prices within the foreign exchange market. The…
A group of Sears Canada Inc. pensioners will ask the Ontario Superior Court of Justice on Thursday to appoint a litigation trustee to review certain actions leading up to…
Deron Waldock has joined McCarthy Tétrault LLP as a partner in its national pension, benefits and compensation group, working out of the firm’s Toronto office.…
When Loblaw Companies Ltd. purchased annuities to reduce the risk in its defined benefit pension plans in January 2017, the $350-million, inflation-linked buyout kicked off…
The ongoing Sears Canada Inc. and Wabush Mines restructurings illustrate that there’s perhaps nothing as vexing in insolvency situations as the position that pension deficits…
After 18 years of litigation, a settlement has delivered $7 million to former employees of the Canada Mortgage and Housing Corp. involved in two class…
While 2017 was a relatively uneventful year in terms of legislative changes affecting pension plans, 2018 promises to be more significant, at least for many defined benefit…
Manitoba’s Liberal Party is concerned about a number of pension plan design changes put forth by the province’s Conservative government in a public review earlier this…