Ontario’s provincially appointed judges are taking their own pension plan to court to prevent the fund from investing in derivatives. In a notice of application filed with the Ontario Superior Court of Justice in Toronto, the Association of Ontario Judges, which represents current and former judges of the Ontario Court of Justice, said the latest […]
In its 2026 budget on Thursday, the Ontario government proposed doubling the pension benefits guarantee fund’s monthly guarantee limit from $1,500 to $3,000 for all eligible plan beneficiaries, the largest increase since the PBGF was created in 1980. It cited a recent review of the PBGF that found the fund had $1.3 billion in net […]
Ontario’s defined benefit pension plans reached a median pension solvency ratio of 124 per cent for the fourth quarter of 2025, according to a new report by the Financial Services Regulatory Authority of Ontario. It noted the result was unchanged from the record high achieved in the previous quarter and represented an uptick from the […]
Derek Dobson, chief executive officer and plan manager at the Colleges of Applied Arts and Technology’s pension plan, is departing the organization following a formal governance review. The investment organization confirmed Dobson’s departure on Friday, noting it had reached an agreement with Dobson to repay his $1.6-million 2025 vacation payout. Read: CAAT places Derek Dobson […]
The Ontario Municipal Employees’ Retirement System earned a six per cent net investment return in 2025, generating $8.2 billion in net investment income, according to the investment organization’s latest financial report. Read: OMERS returns 2.2% in first half of 2025, net assets reach $138.2 billion It noted the OMERS increased its net assets to $145.2 billion […]
An article on the ongoing governance crisis at the Colleges of Applied Arts and Technology’s pension plan was the most-read article on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the last week: 1. CAAT places Derek Dobson on administrative leave, appoints acting CEO 2. FSRA […]
The Financial Services Regulatory Authority of Ontario is marking its fourth annual Pension Awareness Day today by encouraging employees to understand their employer-sponsored retirement plan and ensure they’re on track to retire comfortably and on time. This year’s campaign is focusing on the FSRA’s three keys to retirement security: employees’ understanding of workplace pension plans, […]
The Financial Services Regulatory Authority of Ontario’s supervisory guidance on the province’s target-benefit pension plan framework is now finalized. The guidance, which will be reviewed no later than Feb. 2, 2031, outlines how the FSRA will oversee and apply Ontario’s target-benefit framework while supporting plan administrators in meeting their obligations, according to a press release. […]
Ontario’s Superior Court is scheduled to decide next week whether to approve a fund the insolvent company will set up to help former Hudson’s Bay Co. workers with expenses. The more than 9,300 workers who lost their jobs last year when the company collapsed weren’t paid severance and some lost access to long-term disability and […]
The Association for Canadian Pension Management is asking the Ontario government to introduce variable life benefits in Ontario and to align its pension rules with those of other provinces. In an open letter to the provincial government, the ACPM said the need to add variable life benefit options is part of a campaign to find […]