Latest news in Governance/legislation

Editorial: Hints of a DB revival and other pension developments

Editorial: Hints of a DB revival and other pension developments

Visitors to BenefitsCanada.com who type in a web address for a broken link will find a page with a lighthearted reply that reads: “Like a…

  • By: Glenn Kauth
  • June 29, 2018 September 13, 2019
  • 09:00
How YBS Ottawa merged its pension plan with a bigger player

How YBS Ottawa merged its pension plan with a bigger player

Facing a $10.3-million pension deficit in 2016, the Youth Services Bureau of Ottawa had some tough decisions to make. It felt that closing its defined…

How Norway tackled pension sustainability

How Norway tackled pension sustainability

Since 2011, Norway’s national pension provider has been calculating the life expectancy of those turning 61 as part of pension reforms introduced at that time.…

Report recommends longer deferral period for CPP, QPP

Report recommends longer deferral period for CPP, QPP

A new report from the C.D. Howe Institute is recommending a longer deferral period for the Canada Pension Plan and the Quebec Pension Plan, suggesting that…

  • By: Staff
  • June 26, 2018 September 13, 2019
  • 17:00
Draft CAPSA guidance offers limited help with missing plan members

Draft CAPSA guidance offers limited help with missing plan members

The Canadian Association of Pension Supervisory Authorities has published draft guidance for plan administrators and third-party consultants to help them search for missing pension members.…

  • June 26, 2018 September 13, 2019
  • 08:00
Sears Canada pensions clawed back due to overpayment

Sears Canada pensions clawed back due to overpayment

Sears Canada Inc. retirees are facing clawbacks to their pensions due to 10 months of overpayments. Since October 2017, the retailer’s former employees have been…

Pension plan administrator satisfaction with OSFI on the rise

Pension plan administrator satisfaction with OSFI on the rise

Pension plan administrators’ overall satisfaction with the Office of the Superintendent of Financial Institutions is on the rise, according to a new survey. The survey, commissioned…

  • By: Staff
  • June 21, 2018 September 13, 2019
  • 16:00
CPP enhancements to increase total benefits by 44% by 2070: study

CPP enhancements to increase total benefits by 44% by 2070: study

The upcoming enhancements to the Canada Pension Plan will increase Canadians’ total CPP benefits by about 44 per cent by 2070, according to a new report by…

  • By: Staff
  • June 21, 2018 September 13, 2019
  • 08:30
Municipal employers weigh in as OPSEU criticizes OMERS review

Municipal employers weigh in as OPSEU criticizes OMERS review

The Ontario Public Service Employees Union is adding its voice to the concerns about possible pension plan changes by the Ontario Municipal Employees Retirement System.…

Quebec passes bill eliminating disparities in pension, benefits plans

Quebec passes bill eliminating disparities in pension, benefits plans

Quebec has passed its bill eliminating disparities in pension and supplementary group benefits plans. The bill was passed on Tuesday with a number of additions to the province’s…

  • By: Staff
  • June 13, 2018 September 13, 2019
  • 09:38
Trans Mountain discussions limited so far: CPPIB head

Trans Mountain discussions limited so far: CPPIB head

While an investment bank that provides advisory services to the federal government has approached the Canada Pension Plan Investment Board about the Trans Mountain pipeline,…

Government benefit cuts, longevity among global trends affecting retirement readiness

Government benefit cuts, longevity among global trends affecting retirement readiness

The reduction in government benefits (38 per cent), life expectancy (27 per cent) and volatility in financial markets (24 per cent) are the most frequently…

  • By: Staff
  • June 6, 2018 September 13, 2019
  • 08:30
Study highlights cost differences between CPP, private pension plans

Study highlights cost differences between CPP, private pension plans

In comparing the Canada Pension Plan to private pensions, a new study finds the latter face more regulatory hurdles, are more complex and face higher…

  • By: Staff
  • June 5, 2018 September 13, 2019
  • 16:15
OMERS looking at indexing as part of plan review

OMERS looking at indexing as part of plan review

As part of a comprehensive plan review, the Ontario Municipal Employees Retirement System is looking at a number of changes, including to indexing provisions. While…

Taxpayers on hook for liabilities in federal staff pension plans: report

Taxpayers on hook for liabilities in federal staff pension plans: report

A new report by the C.D. Howe Institute says taxpayers are on the hook for the unfunded liability of pension plans for federal employees. In…

  • By: Staff
  • May 31, 2018 September 13, 2019
  • 16:45
CLHIA announces tweaks to advisor compensation disclosure guideline

CLHIA announces tweaks to advisor compensation disclosure guideline

The Canadian Life and Health Insurance Association is tweaking its approach to its compensation disclosure guideline, including a provision to allow advisors to deliver the information…

A closer look at Ontario political parties’ pension, benefits promises

A closer look at Ontario political parties’ pension, benefits promises

Despite not yet announcing its election platform, Ontario’s Progressive Conservative Party may have the greatest potential for affecting pensions and benefits in Ontario. “The Conservatives’…

Blue Pier launches customized, outsourced workplace pension

Blue Pier launches customized, outsourced workplace pension

Blue Pier is introducing a new customized, fully outsourced workplace pension plan to encourage all employers to offer retirement savings programs to their employees. The…

  • By: Staff
  • May 28, 2018 September 13, 2019
  • 15:05
Unions continue effort to convert multi-employer pension to target-benefit plan

Unions continue effort to convert multi-employer pension to target-benefit plan

As lobbying efforts intensify to keep Canadian Nuclear Laboratories’ employees in the public service pension, plans are moving ahead to convert a multi-union, multi-employer plan into a…

Ontario Liberals promise improved pension access, portability

Ontario Liberals promise improved pension access, portability

If re-elected, the Ontario Liberals are promising to expand access to workplace pension plans in the private sector, improve portability and create options for the self-employed…

  • By: Staff
  • May 25, 2018 September 13, 2019
  • 09:50
Have your say: Are public sector pensions really revenue generators for governments?

Have your say: Are public sector pensions really revenue generators for governments?

Public sector pension plans often come under criticism for what some observers suggest is the high costs paid by taxpayers to fund generous benefits. A…

  • By: Staff
  • May 22, 2018 September 13, 2019
  • 15:00
Are tontines a solution to Canada’s decumulation challenges?

Are tontines a solution to Canada’s decumulation challenges?

With the aging of Canada’s population, the move to defined contribution pension plans in the private sector and increases in life expectancy, the issue of…

  • May 21, 2018 September 13, 2019
  • 11:38
Terms of Wabush settlement to include $18M payment towards pension shortfall

Terms of Wabush settlement to include $18M payment towards pension shortfall

The terms of a settlement for Wabush Mines’ former employees and retirees are now available, including an $18-million payment to address a $28-million pension shortfall and an…

  • By: Staff
  • May 18, 2018 September 13, 2019
  • 10:08
Wabush employees, retirees to see pension increase after three-year battle

Wabush employees, retirees to see pension increase after three-year battle

Three years after Wabush Mines filed for restructuring, its former employees and retirees will see an increase to their pensions, following a previous reduction of between 21…

Have your say: Will plan sponsors embrace variable benefits from DC plans?

Have your say: Will plan sponsors embrace variable benefits from DC plans?

Earlier this month, the Pension Investment Association of Canada came out in support of Ontario’s proposed regulations for variable benefits from defined contribution pension plans.…