MEPP – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Fri, 03 May 2024 21:03:19 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 FSRA focusing on target-benefit framework for MEPPs, sustainability of PBGF in 2024-25 annual plan https://www.benefitscanada.com/pensions/governance-law/fsra-focusing-on-target-benefit-framework-for-mepps-sustainability-of-pbgf-in-2024-25-annual-plan/ Wed, 17 Apr 2024 13:00:25 +0000 https://www.benefitscanada.com/?p=154330 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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]]> Clear, flexible regulations needed for target-benefit plans: report https://www.benefitscanada.com/pensions/governance-law/clear-flexible-regulations-needed-for-target-benefit-plans-report/ Tue, 19 Mar 2024 13:00:06 +0000 https://www.benefitscanada.com/?p=153230 Clear and flexible regulations that reflect the nature and diversity of target-benefit plans would allow these plans to thrive, according to a new report from the C.D. Howe Institute. The report analyzed data collected from 29 target-benefit plans registered in British Columbia, which was the first province to implement these plans. Read: Report finds disconnect […]

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]]> Contributions to B.C. pension plans increased by 10% in 2022: report https://www.benefitscanada.com/pensions/defined-benefit-pensions/contributions-to-b-c-pension-plans-increased-by-10-in-2022-report/ Fri, 17 Nov 2023 14:00:33 +0000 https://www.benefitscanada.com/?p=147306 Contributions to British Columbia-based defined benefit and defined contribution pension plans increased by 10 per cent in 2022, while contributions to target-benefit plans increased by 9.4 per cent, according to the B.C. Financial Services Authority’s annual pensions report. The report, which analyzed data from more than 600 pension plans, found overall plan membership increased by […]

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]]> Ontario Infrastructure Bank to leverage public sector pension investments https://www.benefitscanada.com/canadian-investment-review/alts/ontario-infrastructure-bank-to-leverage-public-sector-pension-investments/ Fri, 03 Nov 2023 13:00:27 +0000 https://www.benefitscanada.com/?p=146427 The Ontario government is launching an infrastructure bank that will leverage investments by public sector pension plans and other Canadian institutional investors. In its fall economic statement on Thursday, the province said it will provide $3 billion in initial funding to the Ontario Infrastructure Bank, which will support the development of new long‐term care homes, […]

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]]> 2023 Top 50 DC Plans Report: Unleashing the power of multi-employer pension plans https://www.benefitscanada.com/archives_/benefits-canada-archive/2023-top-50-dc-plans-report-unleashing-the-power-of-multi-employer-pension-plans/ Fri, 13 Oct 2023 12:56:31 +0000 https://www.benefitscanada.com/?p=144944 Increased volatility, stubborn inflation and erratic interest rates are making for financially uncertain times, where it can be more reassuring to seek safety in shared risk, rather than shouldering financial ambiguity alone. Celebrated for their pooled assets and shared risk, multi-employer pension plans are gaining traction. Tami Dove, director of member experience at the Co-operative […]

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]]> Saskatchewan’s pension and benefits administrator transitioning to not-for-profit model https://www.benefitscanada.com/pensions/governance-law/saskatchewans-pension-and-benefits-administrator-transitioning-to-not-for-profit-model/ Mon, 12 Jun 2023 13:00:29 +0000 https://www.benefitscanada.com/?p=139613 Saskatchewan’s Public Employees Benefits Agency is transitioning to a not-for-profit corporation. The PEBA began pursuing the transition in 2021 at the request of the trustees of the two largest pension plans it administers — the Public Employees Pension Plan and the Municipal Employees Pension Plan. The not-for-profit will begin operations on Jan. 1, 2024 under the […]

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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-30/ Fri, 31 Mar 2023 13:00:30 +0000 https://www.benefitscanada.com/?p=135909 An article on a 2023 budget proposal to require employers to report dental coverage as part of the national dental-care program was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Enhanced national dental plan to require reporting of employer-provided coverage: budget 2. CAAT raising DBplus […]

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]]> Aggregate funded percentage of U.S. MEPPs on the decline: report https://www.benefitscanada.com/pensions/defined-benefit-pensions/aggregate-funded-percentage-of-u-s-mepps-on-the-decline-report/ Thu, 09 Mar 2023 17:00:33 +0000 https://www.benefitscanada.com/?p=135148 The aggregate funded percentage of U.S. multi-employer pension plans dropped to 79 per cent in 2022, from 91 per cent in 2021, according to a new report by consulting firm Milliman Inc. It found the decrease was largely the result of significant investment losses during 2022, despite the first wave of special financial assistance funding […]

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]]> Trent University support workers joining UPP https://www.benefitscanada.com/news/bencan/trent-university-support-workers-joining-upp/ Fri, 17 Feb 2023 14:00:09 +0000 https://www.benefitscanada.com/?p=134101 Trent University support workers represented by the Ontario Public Service Employees Union are joining the University Pension Plan. Under a new three-year collective agreement, the 460 employees — including administrative support staff, caretakers, secretaries, systems analysts and teaching assistants — will transition from the university’s defined benefit pension plan to the UPP in January 2025. […]

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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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