Two of Detroit’s pension funds, the General Retirement System and the Fire Retirement System, are disappointed by the city’s bankruptcy filing, which is the largest…
Two Detroit pension funds have filed a suit against the city’s emergency manager and the governor of Michigan to try to prevent Detroit from filing…
The cloud of complex new GST/HST rules affecting pension plans that came into effect in 2010 has a significant silver lining for many pension plan…
As the country’s finance ministers prepare to consider options for a modest expansion of the Canada and Quebec Pension Plans, a new study makes the…
The Government of Quebec has released a draft regulation concerning new relief measures for the funding of solvency deficiencies for private sector pension plans, according…
In an effort to reduce growing pension liabilities in the United States, a top Republican senator has proposed a plan that would allow state and…
Illinois Governor Patrick Quinn has taken the unusual step of suspending pay for its representatives and senators until they can agree on how to eliminate…
The California Public Employees’ Retirement System has delayed the release of pension data after one of its member associations planned to pursue legislation to limit…
The Ontario government has released draft regulations concerning asset transfers between pension plans in the context of corporate reorganizations, including the sale of a business.
Canada’s seniors now have the option to delay receiving their old age security for up to five years past the age of eligibility.
The employee and employee sponsors of the Regina Civic Pension and Superannuation Plan have finalized a letter of intent to address the pension deficit.
The Government of Saskatchewan has amended the funding rules for most DB plans in the public sector.
In Greek mythology, the god Apollo granted the princess Cassandra the ability to see the future. When she later rejected his advances, he cursed her…
Alberta has extended the filing deadline for pension plan administrators as a result of flooding in the southern part of the province.
The United States Supreme Court ruled that a 1996 law that denies federal benefits to legally married same-sex couples is unconstitutional.
Ontario is making it easier for people who need to access their locked-in retirement funds by restructuring its financial hardship-unlocking program.
The president of the Canadian Labour Congress says that the federal government is deliberately trying to sabotage federal-provincial talks aimed at improving the Canada Pension…
Following the downgrade of Illinois’s debt by a second credit rating agency, governor Patrick Quinn called for a special legislative session to address the state’s…
Fitch has downgraded the state of Illinois’s credit rating one notch to A- after legislators were unable to pass public pension reforms last week.
Whether elected or appointed, a pension trustee faces many demands soon after assuming the role. But while the load of a trustee is heavy, there…
In the wake of the Indalex case, it might behoove plan sponsors to draft a funding policy.
The European Commission has ordered France to revamp its pension program and cut spending to address its budget deficit.
Good governance leads to better outcomes for a pension plan. That’s a given. If the party responsible for administering a plan builds a system, constructs…
In light of the Deloitte report on inappropriate Senate expenses, the Canadian Taxpayers Federation is renewing its call for a new law that would take…
The Government of Quebec has tabled a bill to create voluntary retirement savings plans in the province.