funding framework – Benefits Canada.com

FSRA focusing on target-benefit framework for MEPPs, sustainability of PBGF in 2024-25 annual plan

bmcgovern — Wed, 17 Apr 2024 13:00:25 +0000

In its 2024-25 annual plan, the Financial Services Regulatory Authority of Ontario is focusing on assessing and mitigating systemic and high-priority risks in the province’s defined benefit pension plan sector. The regulatory body will review and enhance its supervisory framework to strengthen supervision of large public sector pension plans, ensuring its plan amendments and surplus […]

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New target-benefit funding framework in Ontario to provide more flexibility for administrators, boards: expert

Sadie Janes — Mon, 18 Sep 2023 13:00:02 +0000

The Ontario government’s new funding framework for target-benefit plans that will provide more flexibility for plan administrators and boards, says Domenic Barbiero, principal at Eckler Ltd. The proposed framework requires trustees to establish a number of policies, including funding, benefits, communications and overall governance. “This proposal is the second iteration of a proposal from the […]

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ACPM urging Ontario to remove burdensome requirements from proposed target-benefit pension framework

lbailey — Thu, 29 Jun 2023 13:00:21 +0000

The Association of Canadian Pension Management is urging the Ontario government to ensure its proposed rules for multi-employer target-benefit pension plans don’t undermine existing incentives that enable employers to create and maintain workplace pension plans. In an open letter, the ACPM said it believes the provision for adverse deviation will overly restrict the ability of MEPP trustees to manage […]

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PIAC calling for tighter link to asset allocation for PfAD in proposed B.C. pension solvency funding framework

mschmit — Fri, 20 Sep 2019 05:19:56 +0000

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 […]

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