A refresher on the purposes of pension plan funding
We may be witnessing the most significant changes to the funding rules of Canadian defined benefit pension plans in more than 25 years. First, since…
- October 20, 2016 September 13, 2019
- 09:30
Latest news in Governance/legislation
N.W.T. company’s pensioners face delay in court hearing
A court hearing on whether Northern Transportation Co. Ltd. pensioners should be the first recipients of the proceeds of the company’s sale has been delayed.…
- By: Jennifer Paterson
- October 19, 2016 September 13, 2019
- 09:00
Ari Kaplan launches pension dispute mediation law firm
Ari Kaplan has launched Kaplan Law, Canada’s first law firm focusing on pension dispute mediation. With two decades of experience at Koskie Minsky, Kaplan has been…
- By: Staff
- October 11, 2016 September 13, 2019
- 16:35
OSFI releases new guides for DC, DB disclosure requirements
The Office of the Superintendent of Financial Institutions has published updated guides for the disclosure requirements of defined contribution and defined benefit plans. The new…
- By: Staff
- October 7, 2016 September 13, 2019
- 14:00
Federal government introduces CPP legislation
The federal government has introduced legislation to enhance the Canada Pension Plan days after British Columbia signed on to support the expansion. Upon receiving royal…
- By: Staff
- October 7, 2016 September 13, 2019
- 09:30
Ontario’s pension solvency framework should mirror Quebec’s new regime: ACPM
The Association of Canadian Pension Management says Ontario’s solvency funding framework for defined benefit pension plans should use Quebec’s new funding regime as a model.…
- By: Staff
- October 5, 2016 September 13, 2019
- 09:30
British Columbia signs on to support CPP expansion
After considering feedback from its online consultation, British Columbia will support the Canada Pension Plan enhancement. The consultation, which was launched on July 15, 2016,…
- By: Staff
- October 4, 2016 September 13, 2019
- 12:03
Ontario pension accounting dispute shows difference of $1.5B in province’s deficit
An accounting difference involving the Ontario Public Service Employees Union Pension Plan and the Ontario Teachers’ Pension Plan has the government at odds with the…
- By: Staff, with files from The Canadian Press
- October 4, 2016 December 3, 2021
- 09:23
Tax rules on pension plans and investment entities ‘extraordinarily complex:’ ACPM
As the federal Department of Finance consults on proposed amendments to Canada’s Income Tax Act, the Association of Canadian Pension Management has responded with a…
- By: Staff
- October 4, 2016 September 13, 2019
- 09:20
Editorial: OAS reversal popular but not the right move
Cancelling the increase to the age of eligibility for old-age security was certainly a popular move. The change, which quickly followed the Liberals’ election in…
- By: Glenn Kauth
- October 4, 2016 September 13, 2019
- 09:00
Court decisions reinforce need for benefits communications policy
In a previous post, I extolled the virtues of a benefits communications policy for those who communicate pensions and benefits to employees. Two recent court…
- October 3, 2016 September 13, 2019
- 09:07
‘Fourth-pillar’ assets improve outlook for Canadian retirement readiness
When considering claims that Canadians lack adequate savings for retirement, it’s crucial to ask whether “fourth-pillar” assets have been fully considered in reaching this conclusion,…
- By: Staff
- October 3, 2016 September 13, 2019
- 09:06
CPP fund to grow by $191B over next decade: report
The existing Canada Pension Plan is on sustainable financial footing at its current contribution rate and its assets are projected to grow from $285 at…
- By: Staff
- September 28, 2016 September 13, 2019
- 10:33
30% investment rule creates ‘unnecessary costs’ and ‘lost opportunities:’ ACPM
In its response to a consultation launched in June, the Association of Canadian Pension Management says the federal government’s “30-per-cent rule” needlessly inhibits pension plan…
- By: Staff
- September 21, 2016 September 13, 2019
- 09:15
Canadians may have to work ‘a little longer than planned’: Poloz
The Bank of Canada’s governor says today’s era of stubbornly low interest rates means it’s time to revisit retirement planning and temper business investment expectations.…
- By: Staff, with files from The Canadian Press
- September 20, 2016 September 13, 2019
- 16:16
Have your say: Should governments speed up action on PRPPs?
It has been four years since the federal government passed legislation to enable pooled registered pension plans as a vehicle to boost retirement savings. In…
- By: Staff
- September 20, 2016 September 13, 2019
- 09:00
MPs on finance committee set to probe effects of CPP changes
The federal government’s bid to expand the Canada Pension Plan is being put under the microscope, including an examination of the impact it could have…
- By: Jordan Press, The Canadian Press
- September 9, 2016 September 13, 2019
- 09:30
B.C. CPP consultations raise ‘red flags’ as approval deadline looms
British Columbia is providing few details on the status of its consultations on the Canada Pension Plan despite a looming deadline of the end of…
- By: Sara Tatelman
- September 8, 2016 September 13, 2019
- 10:15
Release of pension info the focus of court battle between rival unions
A case centred on the ability to access actuarial documents filed with the Ontario pension regulator may soon be heading to the Ontario Court of…
- By: Jann Lee
- September 8, 2016 September 13, 2019
- 08:50
Have your say: Should the feds reinstate lifelong pensions for disabled military veterans?
A legal battle between six disabled veterans and the federal government could finally come to a close this fall. The case, which was launched in…
- By: Staff
- September 7, 2016 September 13, 2019
- 09:20
A stalemate on pensions leaves workers in the lurch
After a long, tense summer in which lockouts and strike action were threatened, Canada Post finally came to an agreement with the Canadian Union of…
- By: Andray Domise
- September 7, 2016 September 13, 2019
- 09:10
Top 50 DC Plans Report: A look at the latest governance trends
With the provision of defined benefit pensions on the decline and the subsequent growth in defined contribution plans, Canada’s retirement savings landscape is in a…
- By: Jennifer Paterson
- September 1, 2016 September 13, 2019
- 08:56
PRPPs continue to languish as provinces vary in enthusiasm for new option
Throughout 2012, Ted Menzies, then the federal minister of state for finance tasked with the development of pooled registered pension plans, consistently proclaimed they were…
- By: Michael McKiernan
- September 1, 2016 September 13, 2019
- 08:49
OAS eligibility reversal called ‘unsustainable,’ out of sync with other countries
A report released by the Office of the Superintendent of Financial Institutions this month projects that the federal government’s plan to cancel the increase in the…
- By: Jennifer Paterson
- August 26, 2016 September 13, 2019
- 09:43
CPP changes do little to ensure appropriate income for future retirees
For all it’s worth, I have already given the recent Canada Pension Plan enhancement a passing grade. As I noted in our firm’s July report…
- By: Fred Vettese
- August 26, 2016 September 13, 2019
- 09:10