Pensions Governance/legislation Page 47

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Manitoba wants CPP deal to go even further

Manitoba wants CPP deal to go even further

Manitoba has proposed a series of enhancements to the Canada Pension Plan agreement that it believes would make the CPP “more responsive to the realities…

  • By: Staff
  • June 28, 2016 September 13, 2019
  • 08:27
Canada and four provinces sign PRPP agreement

Canada and four provinces sign PRPP agreement

Canada, British Columbia, Nova Scotia, Quebec and Saskatchewan have signed a multilateral agreement on pooled registered pension plans and voluntary retirement savings plans which came…

  • By: Staff
  • June 27, 2016 September 13, 2019
  • 09:43
Three reasons to talk to your employees about CPP expansion

Three reasons to talk to your employees about CPP expansion

Is it your job as a plan sponsor to educate your employees about the Canada Pension Plan expansion? Most employers will consider it the federal…

Have your say: Do you like the new CPP deal?

Have your say: Do you like the new CPP deal?

Critics say premium increases will hurt businesses, paycheques and the economy. Proponents say Canada Pension Plan enhancement will provide a needed and affordable boost to…

  • By: Staff
  • June 23, 2016 September 13, 2019
  • 16:50
Feds confirm $250M price tag for CPP deal as premium details released

Feds confirm $250M price tag for CPP deal as premium details released

Expanding the working income tax benefit to offset increased Canada Pension Plan premiums for low-income workers will cost the federal government $250 million per year,…

  • By: Staff
  • June 23, 2016 September 13, 2019
  • 10:59
Ottawa, Ontario review costs from CPP expansion

Ottawa, Ontario review costs from CPP expansion

While the Canada Pension Plan deal has effectively cancelled the Ontario Retirement Pension Plan, the provincial Liberal party is still tallying up its total costs…

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‘Exciting time for retirement’ as CPP deal signals premium boost to 5.95%

Ottawa has reached an agreement in principle with most of the provinces to expand the Canada Pension Plan for the first time in nearly 20…

Despite complexities, expanded CPP the right call

Now that the finance ministers have reached an agreement on Canada Pension Plan expansion, you’d think we could all breathe a sigh of relief and…

Beware the legal risks of providing financial advice to staff

Beware the legal risks of providing financial advice to staff

Once Canadians have graduated from high school or postsecondary education, there isn’t really a formal environment that supports and facilitates group learning around issues like…

Clear objectives, transparency key to ensuring pension plan sustainability

Clear objectives, transparency key to ensuring pension plan sustainability

Much like the Greek philosopher Diogenes of Sinope and his search for an honest man, pension plan stakeholders have been seeking a sustainable plan design…

What are the legal risks of CAPSA’s projected account balance guideline?

What are the legal risks of CAPSA’s projected account balance guideline?

One sure way for sponsors of defined contribution pension plans to attract the attention of class action lawyers is to tell members what the value…

58% of Canadians favour CPP expansion: poll

58% of Canadians favour CPP expansion: poll

A majority (58 per cent) of Canadians are in favour of a moderate expansion to the Canada Pension Plan and Quebec Pension Plan, according to…

  • By: Staff
  • June 20, 2016 September 13, 2019
  • 13:15
Alberta publishes interpretive guidelines for workplace pensions

Alberta publishes interpretive guidelines for workplace pensions

The Alberta Superintendent of Pensions has released four interpretive guidelines to explain various legislative requirements around workplace pension plans that are registered in the province.…

  • By: Staff
  • June 20, 2016 September 13, 2019
  • 09:24
Morneau briefing book raises red flags on Canadian public pension investment

Morneau briefing book raises red flags on Canadian public pension investment

A briefing book prepared last fall for incoming Finance Minister Bill Morneau warns that Canada’s spending on public pensions is dramatically lower than many other…

CPP debate heats up as flurry of positions emerges ahead of Vancouver meeting

CPP debate heats up as flurry of positions emerges ahead of Vancouver meeting

As Ontario Premier Kathleen Wynne clarifies and possibly softens her line on what her government is expecting around Canada Pension Plan reform, a new report…

  • By: Staff
  • June 16, 2016 September 13, 2019
  • 10:25
Pension association calls for flexibility and clarity in CAPSA governance guidelines

Pension association calls for flexibility and clarity in CAPSA governance guidelines

The Association of Canadian Pension Management is asking the Canadian Association of Pension Supervisory Authorities to allow for some flexibility in its revised guidelines on…

  • By: Staff
  • June 15, 2016 September 13, 2019
  • 09:40
New minister appointed to oversee ORPP

New minister appointed to oversee ORPP

The Ontario Retirement Pension Plan has a new minister in charge following Ontario Premier Kathleen Wynne’s cabinet shuffle today. Among the moves was the appointment…

  • By: Staff
  • June 13, 2016 September 13, 2019
  • 12:19
Increases to GIS top-up benefit coming July 1

Increases to GIS top-up benefit coming July 1

The Liberal government’s proposed increase to the guaranteed income supplement top-up benefit by up to $947 annually for the most vulnerable single seniors comes in…

  • By: Staff
  • June 13, 2016 September 13, 2019
  • 09:29
Is Illinois’ auto-enrolment savings program better than the ORPP?

Is Illinois’ auto-enrolment savings program better than the ORPP?

As Canadians continue to debate changes to public pension programs, Illinois is tackling the retirement savings issue with its new Secure Choice Savings Program that will…

How does Canada’s public pension system measure up globally?

How does Canada’s public pension system measure up globally?

With the Canada Pension Plan on many people’s minds, how does Canada’s public pension system compare to those of other countries? In light of the debate…

Actuary association suggests ‘modest’ benefit increase in CPP reform

Actuary association suggests ‘modest’ benefit increase in CPP reform

The Canadian Institute of Actuaries has published a public position on the potential expansion of the Canada and Quebec Pension Plans, including a modest benefit increase, equal employer…

  • By: Staff
  • June 9, 2016 September 13, 2019
  • 14:17
Ontario plans tout ESG progress at responsible investment conference

Ontario plans tout ESG progress at responsible investment conference

While discussions continue over new requirements around environmental, social and governance factors in Ontario, OPTrust has had provisions in place since 2007, says an official at the…

Sounding Board: Canada leads in pension systems for public sector workers

Sounding Board: Canada leads in pension systems for public sector workers

What does Canada do better than any other country? Play hockey? Let’s not go there. Run an effective, efficient and sustainable retirement income system for the…

Five provinces enter into multi-jurisdictional pension agreement

Five provinces enter into multi-jurisdictional pension agreement

British Columbia, Nova Scotia, Ontario, Quebec and Saskatchewan have entered into a new multi-jurisdictional pension plan agreement. More than 1,100 plans will fall under the…

  • By: Staff
  • June 6, 2016 September 13, 2019
  • 10:14
Federal government launches consultation on scrapping 30% investment rule

Federal government launches consultation on scrapping 30% investment rule

As previously announced in March’s federal budget, the Liberal government has launched a consultation on whether it should keep, relax or scrap the “30-per-cent rule,” which currently…