As was widely expected, today’s federal budget announcement included a plan to increase Old Age Security (OAS) eligibility for Canadians from the current age of…
The federal government hiked the eligibility age for Old Age Security (OAS) to 67 from 65 reflecting the reality that Canadians are living longer and…
The federal budget contains a number of measures relating to public pensions, public sector pensions and private retirement saving.
Ontario’s minority government released its budget for the 2012-2013 fiscal year yesterday. The budget announces a number of measures that are expected to have a…
Public sector pensions are one of the factors Ontario is eyeing as it attempts to tackle a $15.3-billion deficit that’s left the province’s credit rating…
In the provincial budget tabled yesterday, the Ontario government stated that it has several concerns with the federal model of pooled registered pension plans (PRPPs)…
Canadians are staying in the workforce longer, but whether that’s a good or bad thing depends on whom you ask.
A passion for using Excel files to model financial trends led Toronto-based Malcolm Hamilton to the uncomfortable realization, in the mid-1990s, that DB plans were…
In August 2006, President George W. Bush signed the Pension Protection Act (PPA) into law. For Douglas Fisher, senior vice-president of benefit policy development and…
Yesterday, the Quebec government tabled its 2012 budget, which included detailed provisions for the voluntary retirement savings plan (VRSP). The VRSP is Quebec’s version of…
Industrial Alliance has announced that it plans to offer voluntary retirement savings plans (VRSPs), starting on the Quebec government's target date of Jan. 1, 2013.
Quebec has announced it will introduce voluntary retirement savings plans (VRSPs), targeted at small and medium-sized enterprises and the self-employed. VRSPs will be similar to…
Ontario should scrap its Pension Benefits Guarantee Fund (PBGF) in favour of a less risky alternative, says a new report from the Fraser Institute, entitled…
Don’t sacrifice pensions. That’s the message from Canadians according to a new Ipsos Reid poll done for Postmedia News and Global TV.
In the wake of the recent financial crisis, the Dodd-Frank Wall Street Reform and Consumer Protection Act was signed into law in July 2010.
Ottawa should move to reform seniors' benefits by letting recipients choose richer payments, later, from the Old Age Security and Guaranteed Income Supplement programs if…
The Nova Scotia government has announced it’s making a change to provincial pension regulations in order to help flailing Dalhousie University.
Pension standards legislation in Canada allows an employer to act as the administrator of its single employer pension plan. However, as a plan administrator, an…
Back in December, the federal government eliminated the last vestiges of mandatory retirement in Canada. It did this by repealing the sections of the Canadian…
The Office of the Superintendent of Financial Institutions has updated its frequently asked questions regarding letters of credit.
Prime Minister Stephen Harper put pensions on the front page with his announcement on Jan. 23, 2012, that the federal government is considering reducing the…
Nearly half of all Canadians have little or no confidence in the future of the Canada Pension Plan, reports CTV News.
On Feb. 15, 2012, the Commission on the Reform of Ontario’s Public Services released its report. Chaired by noted economist Don Drummond, and announced in…
The National Pensioners and Senior Citizens Federation (NPSCF) has taken to Ottawa today to lobby Members of Parliament for better pension coverage and support for…
The U.S. Department of Labor has unveiled its final 401(k) fee disclosure rule, which requires plan providers to provide more details about what employers pay…