Latest news in Governance/legislation

U.S. government securities exempted by Ontario’s 10% rule

U.S. government securities exempted by Ontario’s 10% rule

Ontario has exempted American government securities from the pension law 10% diversification limit, according to a Pension Alert from Borden Ladner Gervais.

  • By: Staff
  • March 17, 2014 September 13, 2019
  • 10:29
Toward a new Canadian retirement system

Toward a new Canadian retirement system

The Canadian retirement system is unproductive and inefficient, but how do we tame this administrative beast without toppling the entire system? Taming it requires simplicity,…

  • March 13, 2014 September 13, 2019
  • 10:32
Alberta scales back changes to public sector pensions

Alberta scales back changes to public sector pensions

The Government of Alberta will scale back some of its proposed changes to public sector pension plans announced in September.

  • By: Staff
  • February 27, 2014 September 13, 2019
  • 10:04
Rhode Island, unions reach pension settlement

Rhode Island, unions reach pension settlement

The Rhode Island government and attorneys representing public employee unions and retiree coalitions challenging changes to the state's pension system have reached a settlement agreement…

  • By: Staff
  • February 18, 2014 September 13, 2019
  • 11:04
Ontario proposes amendment to 10% rule

Ontario proposes amendment to 10% rule

The Government of Ontario has proposed a regulatory amendment that would modify one of the quantitative investment limits that apply to registered pension plans in…

  • By: Staff
  • February 7, 2014 September 13, 2019
  • 14:40
Ontario invites others to join new pension plan

Ontario invites others to join new pension plan

Ontario's finance minister has asked the rest of Canada "to collaborate on options to improve supplementary retirement income for workers."

  • By: Staff
  • February 6, 2014 September 13, 2019
  • 12:17
Supreme Court says MTS pension surplus belongs to workers, retirees

Supreme Court says MTS pension surplus belongs to workers, retirees

The Supreme Court of Canada has upheld a lower court ruling that the pension surplus that existed when Manitoba Telephone Services was privatized in 1997…

  • By: Staff
  • January 31, 2014 September 13, 2019
  • 15:38
Ontario pension plan details coming in spring

Ontario pension plan details coming in spring

The province of Ontario expects to announce details of its provincial pension plan in a few months, according to the premier.

Ontario picks six for advisory group on provincial pension

Ontario picks six for advisory group on provincial pension

The Government of Ontario has assembled an advisory group to advise it on how to strengthen retirement income security.

  • By: Staff
  • January 28, 2014 September 13, 2019
  • 16:22
Paul Martin to advise Ontario on provincial pension plan

Paul Martin to advise Ontario on provincial pension plan

Paul Martin has agreed to serve as a special advisor to Ontario's minister of finance and work with the government on creating a provincial pension…

  • By: Staff
  • January 22, 2014 September 13, 2019
  • 16:36
Judge blocks California city from cutting pensions

Judge blocks California city from cutting pensions

A California court has blocked San Jose from cutting pension benefits for the city's workers—even though the reductions were approved by voters.

  • By: Staff
  • December 30, 2013 September 13, 2019
  • 10:31
CPP expansion fight to continue

CPP expansion fight to continue

While an attempt to enhance the Canada Pension Plan was stopped earlier this week, supporters of an expansion aren’t giving up.

Quebec to tackle pension reform

Quebec to tackle pension reform

The Government of Quebec wants to make the province's pension plans more viable.

  • By: Staff
  • December 18, 2013 September 13, 2019
  • 11:39
Ontario to move forward with provincial pension plan

Ontario to move forward with provincial pension plan

Ontario will go ahead with its plan to create a pension for its residents now that the latest attempt to enhance the Canada Pension Plan…

  • By: Staff
  • December 17, 2013 September 13, 2019
  • 10:24

No CPP expansion

Canada’s finance ministers met in Meech Lake, Que., on Sunday and Monday but were unable to come to an agreement regarding an enhancement to the…

Decision day on CPP expansion

Decision day on CPP expansion

Canada's provincial and territorial finance ministers are meeting Monday to discuss whether or not to expand the Canada Pension Plan (CPP).

  • By: Staff
  • December 16, 2013 September 13, 2019
  • 11:33
Ontario proposes amendments to PBA

Ontario proposes amendments to PBA

The Government of Ontario introduced legislation on Wednesday to make amendments to the Pension Benefits Act in response to the Carrigan v. Carrigan Estate case.

  • By: Staff
  • December 16, 2013 September 13, 2019
  • 11:29
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