Latest news in Governance/legislation

How are retirement solutions affected by wealthier Canadians living longer?

How are retirement solutions affected by wealthier Canadians living longer?

While Canadians’ increasing longevity has been a growing issue for pension plans and providers alike, its effect on quality of living can vary significantly across income…

  • By: Staff
  • August 24, 2018 September 13, 2019
  • 09:00
PIAC reasserts unclaimed balance regime as solution to missing pension members

PIAC reasserts unclaimed balance regime as solution to missing pension members

The Pension Investment Association of Canada has submitted its comments on the federal government’s unclaimed pension balances framework, noting the solution to the problem is the…

  • By: Staff
  • August 17, 2018 September 13, 2019
  • 16:00
Governance lessons from B.C.’s public sector pension plans

Governance lessons from B.C.’s public sector pension plans

While retirement income security is top of mind for many Canadians, British Columbia’s public sector pension plans are noteworthy models that can be emulated by sponsors…

  • August 15, 2018 September 13, 2019
  • 08:00
Pharmacare, flexible annuity options top CLHIA’s wish list for 2019 federal budget

Pharmacare, flexible annuity options top CLHIA’s wish list for 2019 federal budget

Pharmacare and flexible annuity options top the Canadian Life and Health Insurance Association’s list of recommendations for the upcoming 2019 federal budget. In its submission, the…

  • By: Staff
  • August 10, 2018 September 13, 2019
  • 09:05
DC plan sponsors’ wish list for legal protections supporting decumulation offerings

DC plan sponsors’ wish list for legal protections supporting decumulation offerings

Even as regulators move to expand decumulation options for Canadians in defined contribution pension plans, the degree to which employers will actually adopt the solutions…

2018 Consultants Report: New challenges for consultants as the landscape evolves

2018 Consultants Report: New challenges for consultants as the landscape evolves

The job of a pension consultant has evolved considerably over Bita Jenab’s 30-year career in the field. The mid-1990s saw a greater focus on governance…

A road map to clarity on the multi-employer pension plan promise

A road map to clarity on the multi-employer pension plan promise

While there are nuances, I consider a target-benefit plan to be one that determines benefits to members on a defined benefit basis while setting out…

  • By: Joe Nunes
  • August 10, 2018 September 13, 2019
  • 08:53

CAPSA consulting on variable benefits, fee disclosure in DC plans

The Canadian Association of Pension Supervisory Authorities’ latest consultation is seeking feedback on amendments to its guideline No. 8 for defined contribution pension plans, focusing on considerations around…

  • By: Staff
  • August 7, 2018 September 13, 2019
  • 09:00
Reimbursing benefits key unresolved issue for Veterans Affairs, says report card

Reimbursing benefits key unresolved issue for Veterans Affairs, says report card

Reimbursing benefits, accessing dental plans and designating death benefit beneficiaries are among the most important unresolved issues from a decade of recommendations by Veterans Affairs…

  • By: Staff
  • July 31, 2018 September 13, 2019
  • 15:25
Unclaimed balance regimes offer solution to missing pension members: PIAC

Unclaimed balance regimes offer solution to missing pension members: PIAC

The real solution for missing pension plan members is the establishment of a regime that allows plan sponsors to turn over unclaimed balances to a public…

  • By: Staff
  • July 26, 2018 September 13, 2019
  • 16:00
Government looks to AI to speed up CPP disability benefits

Government looks to AI to speed up CPP disability benefits

Federal officials overseeing billions in benefit payments to millions of Canadians are hoping artificial intelligence can resolve ongoing snags in the system. The government is…

Majority of Ontario small employers want CPP hike scrapped, delayed: survey

Majority of Ontario small employers want CPP hike scrapped, delayed: survey

The majority of small business owners in Ontario want the government to scrap or delay the Canada Pension Plan enhancements, according to a new survey by…

  • By: Staff
  • July 25, 2018 September 13, 2019
  • 16:00
Tips for meeting CAPSA’s pension governance guidelines: Part II

Tips for meeting CAPSA’s pension governance guidelines: Part II

This series of articles examines some actionable ideas to help plan administrators meet the Canadian Association of Pension Supervisory Authorities’ guideline No. 4. Following on from the…

Use caution when changing benefits to account for CPP enhancements, report warns

Use caution when changing benefits to account for CPP enhancements, report warns

As the average income replacement rate for capital accumulation plans continues to trend downwards, can employers mitigate this movement with the Canada Pension Plan’s incoming…

  • By: Staff
  • July 23, 2018 September 13, 2019
  • 16:15
Alberta common-law couples can now divide pensions upon separation

Alberta common-law couples can now divide pensions upon separation

Until recently, Alberta common-law couples that were splitting up couldn’t divide their pension assets, even if both parties wanted to. This changed in April 2018,…

National Pension Hub awards funding to three research projects

The National Pension Hub is awarding funding to three research projects, focusing on themes like portfolio construction and plan design. The hub, which the Global…

  • By: Staff
  • July 12, 2018 September 13, 2019
  • 16:00
Increase to OAS benefits takes effect July 1

Increase to OAS benefits takes effect July 1

The federal government has increased the old-age security benefit by 1.2 per cent as of July 1. The change means a single senior receiving OAS…

  • By: Staff
  • July 3, 2018 September 13, 2019
  • 16:00
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…

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