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A ruling by the Supreme Court of British Columbia on the B.C. Credit Union Employers’ Pension Plan’s normal retirement date was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. B.C. court upholds pension plan’s decision to increase retirement age 2. Ontario NDP platform includes dental […]

  • By: Staff
  • April 29, 2022 April 28, 2022
  • 09:00

The Supreme Court of British Columbia has upheld the B.C. Credit Union Employers’ Pension Plan’s decision to increase its normal retirement date to age 65 from age 62. The 2016 decision — which was made by trustees to maintain the plan’s financial viability — was being challenged by a group of plan members who alleged […]

  • By: Staff
  • April 26, 2022 April 25, 2022
  • 09:00
Two B.C. employers join CAAT’s DBplus pension

Two employers from British Columbia’s not-for-profit sector are joining the Colleges of Applied Arts and Technology pension plan’s DBplus. Effective Oct. 1, 53 full-time and six part-time staff at the Vancouver Foundation and four full-time and two part-time employees at the British Columbia Unclaimed Property Society became members of the defined benefit pension plan. “We […]

  • By: Staff
  • October 16, 2020 January 19, 2021
  • 07:41

The Association of Canadian Pension Management is calling on the Ontario government to consider amending the Employment Standards Act and the Pension Benefits Act to allow for auto-enrolment and auto-escalation features in capital accumulation plans. Specifically, it would like the government to allow employers to automatically deduct employee contributions from payroll to facilitate these features. […]

  • By: Staff
  • July 20, 2020 December 7, 2021
  • 09:22

While the Pension Investment Association of Canada is generally supportive of British Columbia’s proposed solvency funding framework, when it comes to requirements around funding the provision for adverse deviations, the organization is suggesting B.C. takes a page from Ontario and Quebec. With many governments across Canada looking to make defined benefit plans more sustainable, the […]

  • By: Staff
  • September 20, 2019 January 6, 2021
  • 09:19
Should Pension Plans Invest in the Trans Mountain Expansion?

Morneau compares pipeline to insurance for investors