Bill C-228 – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Wed, 01 May 2024 19:25:54 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 Top 5 HR, benefits, pension and investment stories of the week https://www.benefitscanada.com/news/bencan/top-5-hr-benefits-pension-and-investment-stories-of-the-week-33/ Fri, 05 May 2023 13:00:56 +0000 https://www.benefitscanada.com/?p=137375 An article on Bill C-228 receiving royal assent was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Controversial super-priority pension bill receives royal assent 2. PSAC, government tentative agreement includes new protections around remote work, wage increases 3. FHSA may work best in conjunction with group […]

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]]> Editorial: Can the industry move beyond the complexity of pensions? https://www.benefitscanada.com/archives_/benefits-canada-archive/editorial-can-the-industry-move-beyond-the-complexity-of-pensions/ Fri, 14 Apr 2023 13:00:16 +0000 https://www.benefitscanada.com/?p=136106 What’s in a name? A pension by any other name would smell as sweet — or would it? I started writing this month’s Pension Feature as an exercise to sift through some of the terms used by the pension industry to describe the different types of plans, but also to answer the question: Does the […]

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]]> Head to head: Will the government’s super-priority bill spell the end of DB pension plans? https://www.benefitscanada.com/archives_/benefits-canada-archive/head-to-head-will-the-governments-super-priority-bill-spell-the-end-of-db-pension-plans/ Fri, 14 Apr 2023 12:59:58 +0000 https://www.benefitscanada.com/?p=136109 The bill is a divisive one, with the pension industry concerned about the future of corporate-sponsored defined benefit pension plans and an association representing plan members firmly in its favour. Todd Saulnier, board president, the Association of Canadian Pension Management While Bill C-228 on its own may not spell the end of all DB plans, […]

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]]> Does the pension industry have a language problem? https://www.benefitscanada.com/archives_/benefits-canada-archive/does-the-pension-industry-have-a-language-problem/ Fri, 14 Apr 2023 12:55:48 +0000 https://www.benefitscanada.com/?p=136115 Defined benefit. Defined contribution. Target benefit. Shared risk. Collective. Multi-employer. Pooled. Canada’s pension and retirement landscape is littered with lingo that can often be confusing for the people who participate in these plans and count on them for their retirement income. As pension plans evolve and the terms describing them expand, does the industry have […]

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]]> PIAC calls for going-concern plus regime, VPLAs, PRPP framework in pre-budget submission https://www.benefitscanada.com/pensions/governance-law/piac-calls-for-going-concern-plus-regime-vplas-prpp-framework-in-pre-budget-submission/ Wed, 15 Feb 2023 14:00:18 +0000 https://www.benefitscanada.com/?p=133932 The Pension and Investment Association of Canada is calling on the federal government to establish a going-concern plus regime as a long-term minimum funding requirement for federally regulated defined benefit pension plans. In its pre-budget submission to Finance Canada, the PIAC said it believes the Canadian government should set a uniform funding requirement for all provinces […]

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]]> Pension super-priority bill, real return bond cancellation top priorities for PIAC in 2023: new chair https://www.benefitscanada.com/news/cir-news-news/pension-super-priority-bill-real-return-bond-cancellation-top-priorities-for-piac-in-2023-new-chair/ Thu, 02 Feb 2023 17:00:59 +0000 https://www.benefitscanada.com/?p=133115 The Pension Investment Association of Canada is prioritizing the protection of employment-based pension coverage in 2023. “Our members are concerned that well-intentioned regulatory changes, such as Bill C-228, may actually diminish employers’ support for pensions,” says Graeme Hay (pictured), the PIAC’s new chair and chief investment officer at Manitoba’s Teachers’ Retirement Allowances Fund, referring to a […]

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]]> Top 5 HR, benefits, pension and investment stories of the week https://www.benefitscanada.com/news/bencan/top-5-hr-benefits-pension-and-investment-stories-of-the-week-19/ Fri, 13 Jan 2023 14:00:44 +0000 https://www.benefitscanada.com/?p=132455 An article on the potential impacts of Alberta withdrawing from the Canada Pension Plan was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Employers raising concerns over Alberta leaving CPP, but expert says move could yield benefits for workers 2. Co-operators acquiring Smart Employee Benefits […]

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]]> Expert panel: DB pension plan sponsors facing challenges, opportunities in 2023 https://www.benefitscanada.com/expertpanel_/gavin-benjamin/expert-panel-db-pension-plan-sponsors-facing-challenges-opportunities-in-2023/ Thu, 05 Jan 2023 14:00:02 +0000 https://www.benefitscanada.com/?p=132072 Similar to 2022, the coming year will present both challenges and opportunities for defined benefit pension plan sponsors, with the rewards going to plan sponsors that are resilient, embrace change and are willing and able to act when opportunities arise. Several trends that will be top of mind in the year ahead are: Inflation The […]

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]]> Expert panel: Does Canada need a pension champion? https://www.benefitscanada.com/expertpanel_/gavin-benjamin/expert-panel-does-canada-need-a-pension-champion/ Tue, 20 Dec 2022 14:00:42 +0000 https://www.benefitscanada.com/?p=131589 In the Expert Commission on Pensions’ 2008 review of Ontario’s pension system, it recommended an agency or unit of the provincial government serve as a pension champion. According to the commission, the pension champion’s responsibilities would include working closely with stakeholders, promoting and facilitating innovation in the pension system and leading policy development efforts in […]

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]]> Amendments to insolvency legislation would secure DB pensions, say retiree organizations https://www.benefitscanada.com/pensions/governance-law/amendments-to-insolvency-legislation-would-secure-db-pensions-say-retiree-organizations/ Fri, 14 Oct 2022 13:00:30 +0000 https://www.benefitscanada.com/?p=128390 Six organizations representing Canadian retirees say proposed amendments to the federal Bankruptcy and Insolvency Act would have a positive impact on defined benefit pension plan members. In an open letter to the House of Commons standing committee on finance, the six organizations —CanAge, the Canadian Federation of Pensioners, the Canadian Network for the Prevention of […]

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