Latest news in Governance/legislation

Detroit wants to freeze pension plans

Detroit has proposed freezing the city’s two employee pension plans at the end of the year. Members of the General Retirement System and the Police…

By: Staff
September 27, 2013 September 13, 2019
10:23

Pension legislation doesn’t always change slowly

One of the general rules of statutory interpretation is that a statute or regulations only apply on a go-forward basis from the date of coming…

By: Ian Breneman
September 24, 2013 September 13, 2019
11:35

N.L. pension reform required now, board of trade says

The St. John’s Board of Trade wants the Government of Newfoundland and Labrador to take immediate action and a set clear timeline to implement pension…

By: Staff
September 23, 2013 September 13, 2019
10:20

Standard Life receives licence to provide a federal PRPP

Standard Life been issued a licence to administer a federal pooled registered pension plan.

By: Staff
September 20, 2013 September 13, 2019
12:01

Retooling pension custody for GST/HST reporting

In the closing paragraph of my last column, I stated that few pension custodians currently provide adequate recordkeeping for GST/HST purposes and made the promise…

By: Greg Hurst
September 20, 2013 September 13, 2019
09:57

Pension reforms won’t affect N.L. public sector retirees

The Government of Newfoundland and Labrador says retirees that belong to the Public Service Pension Plan and Teachers’ Pension Plan will not be affected as…

By: Staff
September 20, 2013 September 13, 2019
09:00

N.B. public sector pensioners discuss SRPPs

Public sector retirees in New Brunswick are meeting this week and next to discuss the province’s decision to implement a shared-risk pension plan.

By: Staff
September 18, 2013 September 13, 2019
13:40

Alberta proposes public sector pension plan reforms

The Government of Alberta has proposed a number of changes to public sector pensions such as no benefit improvements until 2021 and a reduction in…

By: Staff
September 17, 2013 September 13, 2019
09:26

Canadian pension system outshines U.S. one

Canada’s pension system receives a lot of criticism, but things here are better than they are south of the border. The Canadian system—as well as…

By: Staff
September 3, 2013 September 13, 2019
15:53

Inspiration: Ari Kaplan

Ari Kaplan wrote the book on pension law. Literally. His book, Pension Law, was first published in 2006, and a second edition, co-authored with Mitch…

By: Craig Sebastiano
September 1, 2013 September 13, 2019
07:00

Ontario pension system needs major reform

After five years of piecemeal changes, Ontario’s pension system now requires substantial reform in order to resolve serious issues such as the scarcity of workplace…

By: Staff
August 28, 2013 September 13, 2019
15:10

Ontario’s tantalizing solution to the pension coverage crisis

In my last article, I alluded to the story of the mythological princess Cassandra. Ontario’s new rules governing target benefit plans (TBPs) remind me of…

By: Mark Firman
August 23, 2013 September 13, 2019
10:45

Changes needed to ensure financial security

The head of the Ordre des CPA du Québec told the province’s Committee on Public Finance can’t continue ignoring the flaws in the current retirement…

By: Staff
August 23, 2013 September 13, 2019
10:45

Support dims for some D’Amours report proposals

Quebec’s special consultation into the D’Amours report on pension reform has revealed fading support for a number of its key proposals.

By: Simeon Goldstein
August 22, 2013 September 13, 2019
09:56

Quebec pension system should follow Dutch model: RJCCQ

The main solutions to Quebec’s chronically underfunded pension system are raising the retirement age and introducing a risk-sharing pension model like the one used in…

By: Staff
August 16, 2013 September 13, 2019
11:08

Canada needs more sustainable pension options

With its aging population and growing longevity, Canada needs to overhaul its public and private pension systems in order to secure the future of new…

By: Staff
August 9, 2013 September 13, 2019
14:25

Former GM execs lose appeal in U.S. pension suit

A federal court in the United States has turned down an appeal by former executives at General Motors over cuts to their pension.

By: Staff
August 9, 2013 September 13, 2019
10:05

OPSEU seeks pension trustees

The Ontario Public Service Employees Union (OPSEU) is seeking pension trustee candidates for the OPSEU Pension Trust. The appointments are effective October 1, and applications…

By: Staff
August 1, 2013 September 13, 2019
10:15

Directions for pension reform: At the crossroads?

Sometimes the easiest questions to ask are the most difficult ones to answer. Here’s the easy question to ask: where do we begin the next…

By: Murray Gold
July 30, 2013 September 13, 2019
10:28

Premiers discuss CPP expansion

At last week’s Council of the Federation meeting, Canada’s premiers discussed the retirement income system and the importance of continued efforts to ensure future seniors…

By: Staff
July 29, 2013 September 13, 2019
10:42

CLC calls on premiers to move forward on CPP expansion

The Canadian Labour Congress says it’s time for the provincial and territorial premiers to ask the federal government to expand the Canada Pension Plan.

By: Staff
July 26, 2013 September 13, 2019
10:03

CFIB asks premiers not to make C/QPP changes

The Canadian Federation of Independent Business has sent a letter to all provincial and territorial premiers, telling them that their members can’t afford Canada/Quebec Pension…

By: Staff
July 25, 2013 September 13, 2019
10:48

U.K. Supreme Court overturns Nortel, Lehman pension ruling

The United Kingdom Supreme Court says that Nortel and Lehman Brothers pension plan members should be treated the same as other unsecured creditors of the…

By: Staff
July 24, 2013 September 13, 2019
17:03

Pension plans unhappy with governance and consultants

Many pension plans in the United Kingdom feel dissatisfied their investment consultants and current governance structure, according to a 2013 SEI report.

By: Staff
July 24, 2013 September 13, 2019
08:38