The Canadian Association of Pension Supervisory Authorities is asking industry stakeholders to weigh in on its proposed changes to funding and asset allocation rules for…
Sears Canada Inc. has reversed course and will continue to make special payments to its defined benefit pension plan and provide post-employment benefits plans until…
There’s little doubt that working Canadians want a secure source of retirement income. The challenge for the pension industry is how to deliver the desired…
In the last few weeks, employees — both current and former — of troubled retailer Sears Canada Inc. have had plenty to worry about after…
British Columbia’s pension regulator is cracking down on vague termination expense assumptions over fears unrealistic calculations have caused some plans to overstate their solvency ratios.…
A retired lieutenant in the naval reserve has launched a $100-million lawsuit against the Canadian Armed Forces for “chronic, excessive and unreasonable” delay in paying…
The Canadian Association of Pension Supervisory Authorities is conducting a number of reviews this summer, looking into retirement projections and decumulation options for defined contribution…
Ontario has announced the board of directors for the new financial services regulator it announced in last year’s fiscal update. Bryan Davies, Kathryn Bouey and Judith Robertson…
Ontario will replace the temporary solvency funding exemption in place for specified multi-employer pension plans with a new target-benefit framework, the government announced Thursday. The…
It seems the current pension crisis — whether it be over reform of the Canada Pension Plan or high levels of underfunding among private plans…
While today marks the one-year anniversary of Ottawa reaching an agreement with most of the provinces to expand the Canada Pension Plan, the future of…
The enhancements to the Canada Pension Plan are problematic and incomplete and won’t do much to improve the retirement income prospects of low-income employees, according…
The sale of Stelco Inc. to Bedrock Industries Group LLC can proceed, Ontario Superior Court Justice Herman Wilton-Siegel ruled this morning in Toronto. At the hearing,…
WINNIPEG — As pension plan sponsors consider the best approach to governance, it’s important to look beyond the basic legal requirements, participants at the Canadian…
Alongside the Ontario government’s announcement earlier this month regarding a new funding framework for defined benefit pension plans in the province, it also said it…
By 2050, the six countries with the world’s largest pension systems will have a combined funding gap of $224 trillion largely due to demographic trends,…
While Ontario’s proposed solvency changes for defined benefit pension plans may help plan sponsors with funding obligations, they may put plan members in a more precarious…
Ontario’s defined benefit pension plans will have to fund themselves on a solvency basis only if their funded status falls below 85 per cent, the government…
A key aspect to managing the increasing compensation costs of federal government employees is a transition away from defined benefit pension models, according to a…
The British Columbia Supreme Court has rejected an American multi-employer pension plan’s claim for $1.25 billion against a U.S. company’s Canadian subsidiary. The case revolved around…
I’ve often said that Canada’s three-pillar retirement income system serves today’s seniors rather well, especially those who used to have lower working income. The system…
The Ontario government is moving to allow for variable benefits from defined contribution pension plans, according to the 2017 budget tabled yesterday. “I think it’s…
Canada should consider raising the age of eligibility for public pension benefits in order to persuade more seniors to keep working, argues a new report…
When it comes to addressing the many challenges facing pension and benefits plans, we already know many of the solutions. Taking action on them, however,…
The Public Employees Benefits Agency, which administers the pension plan for public sector employees in Saskatchewan, has been looking at how to support members around…