missing pension plan members – 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 New federal legislation around missing pension plan members should include ongoing plans: ACPM https://www.benefitscanada.com/pensions/governance-law/new-federal-legislation-around-missing-pension-plan-members-should-include-ongoing-plans-acpm/ Tue, 01 Aug 2023 19:00:24 +0000 https://www.benefitscanada.com/?p=141549 In response to the federal government’s consultation on draft amendments to pension legislation pertaining to the transfer of unclaimed benefits for missing plan members, the Association of Canadian Pension Management is suggesting the legislation include a condition to allow the transfer of assets in the case of an ongoing pension plan in addition to closed plans. […]

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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-42/ Fri, 07 Jul 2023 13:00:42 +0000 https://www.benefitscanada.com/?p=140800 An article on how Scotiabank is aligning its benefits offerings across global markets was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Scotiabank supporting employee well-being by aligning benefits offerings across global markets 2. Feds consulting on draft amendments to pension legislation for transfer of […]

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]]> Feds consulting on draft amendments to pension legislation for transfer of missing members’ benefits https://www.benefitscanada.com/pensions/governance-law/feds-consulting-on-draft-amendments-to-pension-legislation-for-transfer-of-missing-members-benefits/ Fri, 30 Jun 2023 19:00:44 +0000 https://www.benefitscanada.com/?p=140612 The federal government is launching a consultation on draft amendments to pension legislation pertaining to the transfer of unclaimed benefits for missing plan members. Under the Pensions Benefits Standards Act, plan administrators can transfer pension assets of missing members to a ‘designated entity.’ The draft amendments specify who qualifies as a missing member or beneficiary, as […]

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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-28/ Fri, 17 Mar 2023 13:00:51 +0000 https://www.benefitscanada.com/?p=135398 An article on how working mothers are struggling with work-life balance was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Majority of Canadian working moms struggling with work-life balance: survey 2. CPPIB jointly acquiring cloud-based software company, OMERS subsidiary entering debt financing agreements 3. How employers […]

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]]> How employers can help track down Ontario’s 175,000 missing pension plan members https://www.benefitscanada.com/pensions/pension-communication/how-employers-can-help-track-down-ontarios-175000-missing-pension-plan-members/ Wed, 15 Mar 2023 13:00:54 +0000 https://www.benefitscanada.com/?p=135308 Ontario-based pension plan sponsors can help reduce the number of missing plan members by examining their communications strategies and maintaining best practices in record keeping and data management, says Caroline Blouin, executive vice-president of pensions at the Financial Services Regulatory Authority of Ontario. “As an employer, there is an opportunity to provide some education and […]

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