While many benefits plan sponsors have traditionally considered moving their plan from an insured arrangement to an administrative-services only model upon reaching a certain threshold of employees, several external factors have impacted this decision in recent years. Todd Stephen, vice-president of employee benefits and pensions at Selectpath Benefits & Financial Inc., says these factors — […]
The British Columbia Municipal Pension Plan’s new Municipal Retiree Benefit Trust is joining the B.C. Investment Management Corp. The MRBT, which has $100 million in assets under management, is an employee life and health trust that provides group benefits to the MPP’s retirees and their spouses/dependants. It was recently created following a program review and redesign. […]
The federal budget has proposed the end of health and welfare trusts, suggesting either a conversion to employee life and health trusts or a windup by the end of 2020. While the government added rules in regards to employee life and health trusts to the Income Tax Act in 2010, the Canada Revenue Agency has been providing administrative positions about […]