Latest news in Governance/legislation

Conservatives vote against NDP motion to expand CPP

Conservatives vote against NDP motion to expand CPP

The Conservatives voted down a motion by the National Democratic Party to expand the Canada Pension Plan in the House of Commons on Monday.

  • By: Staff
  • December 10, 2013 September 13, 2019
  • 10:28
Leech appointed as special advisor

Leech appointed as special advisor

Ontario Minister of Finance Charles Sousa has asked Jim Leech, the outgoing head of the Ontario Teachers' Pension Plan, to recommend ways to make electricity…

  • By: Staff
  • December 10, 2013 September 13, 2019
  • 10:01
Ontario has new rules for pension asset transfers

Ontario has new rules for pension asset transfers

Ontario’s new pension plan merger rules under new versions of section 80 (sale of business) and 81 (same employer mergers) of the Pension Benefits Act…

  • By: Staff
  • December 9, 2013 September 13, 2019
  • 10:52
NDP proposes CPP enhancement

NDP proposes CPP enhancement

The federal New Democratic Party is proposing to expand the Canada Pension Plan (CPP) and Quebec Pension Plan (QPP).

  • December 6, 2013 September 13, 2019
  • 16:52
N.B.’s SRPP model called “unfair”

N.B.’s SRPP model called “unfair”

The Professional Institute of the Public Service of Canada (PIPSC) says it deplores the repeal of New Brunswick's Public Service Superannuation Act (PSSA) and the…

  • By: Staff
  • December 6, 2013 September 13, 2019
  • 10:04
Federal minister against CPP expansion

Federal minister against CPP expansion

Minister of State for Finance Kevin Sorenson says expanding the Canada Pension Plan will kill jobs.

  • By: Staff
  • December 5, 2013 September 13, 2019
  • 11:15
Illinois lawmakers approve pension reform

Illinois lawmakers approve pension reform

Illinois lawmakers have passed a pension reform bill intended to erase the state's US$100-billion ($106.6-billion) liability.

  • By: Staff
  • December 4, 2013 September 13, 2019
  • 09:54
Detroit allowed to cut pensions in bankruptcy

Detroit allowed to cut pensions in bankruptcy

A United States bankruptcy judge has ruled that Detroit is eligible for credit protection and allowing the city to make cuts to its pensions.

  • By: Staff
  • December 3, 2013 September 13, 2019
  • 16:21
Quebec passes VRSP legislation

Quebec passes VRSP legislation

Quebec's National Assembly has passed Bill 39, which creates voluntary retirement savings plans (VRSPs) in the province.

  • By: Staff
  • December 3, 2013 September 13, 2019
  • 16:11

Reforming Canada’s pension system

Expanding the Canada Pension Plan will help address the continuing decline of workplace pensions, said the national president of the Canadian Union of Public Employees.

Union upset with P.E.I.’s immunity from grievances

Union upset with P.E.I.’s immunity from grievances

The biggest public sector union on Prince Edward Island, the Union of Public Sector Employees, has filed a grievance in response to a controversial change…

  • By: Staff
  • December 3, 2013 September 13, 2019
  • 08:51
CPP expansion debate heats up

CPP expansion debate heats up

The debate about whether to increase the size of the Canada Pension Plan (CPP) benefits through higher contributions is heating up as the country awaits…

Illinois near deal to fix US$100-billion pension deficit

Illinois near deal to fix US$100-billion pension deficit

Lawmakers in Illinois say they have reached a tentative agreement to fix the state's US$100-billion ($105.8-billion) unfunded pension liability.

  • By: Staff
  • November 28, 2013 September 13, 2019
  • 15:37
Due diligence required before ending pension payments: OSFI

Due diligence required before ending pension payments: OSFI

Before stopping a payment of pension benefits to a retiree or survivor, the Office of the Superintendent of Financial Institutions says plan administrators are expected…

  • By: Staff
  • November 26, 2013 September 13, 2019
  • 16:23
Slight majority in favour of expanded CPP

Slight majority in favour of expanded CPP

A majority of Canadians are in favour of expanding the Canada Pension Plan, according to a poll.

  • By: Staff
  • November 26, 2013 September 13, 2019
  • 08:45
N.B. gets union support for pension reforms

N.B. gets union support for pension reforms

The Government of New Brunswick says it has substantial union support in tabling legislation to make the Public Service Superannuation Act more sustainable for plan…

  • By: Staff
  • November 19, 2013 September 13, 2019
  • 14:07
P.E.I. presses ahead with public pension reform

P.E.I. presses ahead with public pension reform

Prince Edward Island reaffirmed its plans to make changes to its public sector pensions in this week's throne speech.

  • By: Staff
  • November 14, 2013 September 13, 2019
  • 10:33

Why CPP expansion is inevitable

I am now going to publicly flip-flop and add my voice to calls for CPP expansion, which I now believe to be an inevitable development.

  • By: Greg Hurst
  • November 13, 2013 September 13, 2019
  • 12:48
Wynne says pensions need to be improved

Wynne says pensions need to be improved

Ontario Premier Kathleen Wynne warns that unless retirement incomes are improved, Canada will suffer the consequences.

  • By: Staff
  • November 13, 2013 September 13, 2019
  • 12:48
Teachers’, OMERS encouraged by Ontario economic statement

Teachers’, OMERS encouraged by Ontario economic statement

The Ontario Teachers' Pension Plan and OMERS are pleased with the Government of Ontario's decision to modernize investment rules for large pension plans.

  • By: Staff
  • November 11, 2013 September 13, 2019
  • 10:14
Ontario plans to improve retirement income system

Ontario plans to improve retirement income system

In its fall economic statement, the Government of Ontario said it would take steps to make the province's retirement income system better.

  • By: Staff
  • November 11, 2013 September 13, 2019
  • 10:12
Flaherty likes expanded CPP, but not now

Flaherty likes expanded CPP, but not now

Finance Minister Jim Flaherty supports an expanded Canada Pension Plan but not while the economy is still in recovery mode.

  • By: Staff
  • November 8, 2013 September 13, 2019
  • 10:09

CRFA concerned about possible CPP enhancements

The Canadian Restaurant and Foodservices Association says enhancements to the Canada Pension Plan are worrisome for labour-intensive restaurant employers and will increase the cost of…

  • By: Staff
  • November 4, 2013 September 13, 2019
  • 15:35
Finance ministers agree on CPP reform conditions

Finance ministers agree on CPP reform conditions

Provincial and territorial finance ministers reached an agreement on conditions to expand the Canada Pension Plan on Friday.

  • By: Staff
  • November 4, 2013 September 13, 2019
  • 10:52
Maximum pensionable earnings to rise in 2014

Maximum pensionable earnings to rise in 2014

The Canada Revenue Agency says the maximum pensionable earnings under the Canada Pension Plan (CPP) for 2014 will be $52,500, up from $51,100 in 2013.

  • By: Staff
  • November 1, 2013 September 13, 2019
  • 15:07