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An update on MEPPS, JSPPs and PRPPs

Squeezed by onerous funding requirements and overarching fiduciary duties, defined benefit plan sponsors are increasingly willing to embrace alternative structures — such as multi-employer pension plans, jointly sponsored pension plans and pooled registered pension plans — to relieve some of the pressure. “Most employers simply shouldn’t be in the business of running a pension plan, […]

Equities drag down pension funded status, U.S. plan returns

The funded status of the Segal Group Inc.’s model multi-employer pension plan dipped to 98 per cent during the first quarter of 2018, down from 101 per cent in the third quarter of 2017, according to a new report. Canadian equities took the lead in dragging the fund lower, partially due to its higher weighting […]

  • By: Staff
  • May 15, 2018 September 13, 2019
  • 16:45
Ontario proposes rules for target benefits in multi-employer plans

The Ontario government has published proposed regulations relating to the funding framework for certain multi-employer pension plans seeking to convert defined benefits to target benefits. Under the proposed regulations, which were first announced in June 2017, eligible multi-employer pension plans wouldn’t be required to fund on a solvency basis. However, they would still be required to provide […]

  • By: Staff
  • April 9, 2018 September 13, 2019
  • 11:11
Ontario sets out plans for target-benefit multi-employer pensions

Ontario will replace the temporary solvency funding exemption in place for specified multi-employer pension plans with a new target-benefit framework, the government announced Thursday. The interim exemption will extend to August 2018 as the government looks to introduce legislation in the fall and regulations next year. While Ontario’s new framework will permanently exempt collectively bargained […]

  • By: Jann Lee
  • June 30, 2017 September 13, 2019
  • 09:00
Have your say: Should other provinces follow Ontario’s lead on solvency reform?

While Ontario’s proposed solvency changes for defined benefit pension plans may help plan sponsors with funding obligations, they may put plan members in a more precarious position, says Michael Mazzuca, a partner in the pension and employee benefits group at Koskie Minsky LLP in Toronto. “There’s obviously a suggestion that, in addition to the emphasis on going […]

U.S. multi-employer pension plans fuel record $76.4B deficit

The deficit racked up by the U.S. federal agency that insures pensions for about 40 million Americans has increased 23% to $76.4 billion over the past year. The agency’s program for so-called multi-employer pension plans continues to account for a large share of the deficit, $52.3 billion. Multi-employer plans are pension agreements between labour unions […]

Pension column: Wake-up call

What keeps MEPP decision-makers up at night?

Better days ahead for multi-employer pension plans

Multi-employer pension plans (MEPPs) in the United States have a strong future, according to a report.

  • By: Staff
  • February 28, 2014 September 13, 2019
  • 16:48
Musicians’ Pension Fund launches new administration system

The Musicians’ Pension Fund of Canada has launched a new administration system for its pension.

  • By: Staff
  • February 13, 2014 September 13, 2019
  • 09:33
Ontario extends SOMEPP solvency funding exemption

Ontario has extended the solvency funding exemption for specified Ontario multi-employer pension plans (SOMEPPs) to 2017. The exemptions were previously set to expire in September of this year.

  • By: Staff
  • July 27, 2012 September 13, 2019
  • 08:57