Latest news in Governance/legislation

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.…

Pension communication errors can lead to surprise costs for plan sponsors

Pension communication errors can lead to surprise costs for plan sponsors

Pension plan sponsors can save money by ensuring their plan texts and other communications materials are free of mistakes, says Mitch Frazer, a partner and the chair…

Sears DB members facing bleak payout prospects as company reduced to ‘shell of itself’

Sears DB members facing bleak payout prospects as company reduced to ‘shell of itself’

Sears Canada Inc. pension plan members are facing bleak prospects for getting their full pension payouts, according to a Toronto bankruptcy lawyer. “They won’t be…

The shifting landscape for variable benefits from DC plans

The shifting landscape for variable benefits from DC plans

There has been a lot of talk about variable benefits from defined contribution pension plans recently. Ontario has changes in the works to allow them, while…

Top 40 Money Managers: Charting the course through choppy waters

Top 40 Money Managers: Charting the course through choppy waters

Despite significant improvements recently to pension plan solvency levels, the start of 2018 has been a challenging one for institutional investors. Shifting monetary policies have…

Ontario passes budget measures amending pension, PRPP acts

Ontario passes budget measures amending pension, PRPP acts

The Ontario government passed its 2018 budget measures on Tuesday, including amendments to the Pension Benefits Act and the Pooled Registered Pension Plans Act. The amendments…

  • By: Staff
  • May 8, 2018 September 13, 2019
  • 16:30
A look at Sears’ U.S. pension prospects as Canadian windup ordered

A look at Sears’ U.S. pension prospects as Canadian windup ordered

Whatever the fate of Sears Holdings Corp.’s operations in the United States, the company’s American pensioners are likely to emerge better off than their Canadian…

Incorrect pension accounting significantly understates Ontario deficits: auditor general

Incorrect pension accounting significantly understates Ontario deficits: auditor general

As Ontarians prepare for the upcoming provincial election campaign, the province’s auditor general is raising the stakes in her dispute with the government about its…

  • By: Staff
  • April 26, 2018 September 13, 2019
  • 09:49
Ontario annuity discharge changes coming July 1

Ontario annuity discharge changes coming July 1

As of July 1, 2018, new provisions under Ontario’s Pension Benefits Act will allow the sponsors of defined benefit pension plans to obtain a discharge…

  • By: Staff
  • April 25, 2018 September 13, 2019
  • 13:00