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…
Younger Canadians are at risk of shouldering any future deficit in the expanded Canada Pension Plan if it experiences shortfalls in investment returns, according to a…
More employers should be considering offering group decumulation options to employees, the Association of Canadian Pension Management argues in a new report. While individual options…
In its report on employer pension plans in Canada published earlier this month, Statistics Canada noted the overwhelming majority of plan members are in trusteed…
Now is the time for employers to start looking at the Canada Pension Plan enhancements and their potential affects on workplace pension plans, said lawyer…
Veterans Affairs Minister Kent Hehr has all but ruled out a return to the old way injured veterans received pensions, setting up a potentially vicious…
It’s time to bring innovation to federal employee pension plans, Keith Ambachtsheer and Jim Leech wrote in an open letter to Finance Minister Bill Morneau last…
When Britain’s former economic watchdog, the Office of Fair Trading, published a report in 2013 about the country’s workplace defined contribution pension market, it was…
Proposed changes to the pension plan for members of the Newfoundland and Labrador legislature have been deferred following objections by the opposition parties. The move…
A payment of $8,400 a month for nine years of service sounds like a fairly good pension benefit. But as a former Alberta government worker…
As the government moves forward on enhancements to the Canada Pension Plan, critics are raising concerns about the absence of a dropout clause for parents who…
Canada’s governor general has signed an order in council to bring the Canada Pension Plan enhancements in Bill C-26 into force, marking the final step…
In a case with significant consequences for Canadian employers and workers that has echoes of the saga involving Nortel Networks Corp., the British Columbia Supreme…