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The Association of Canadian Pension Management is calling for increased clarity regarding Ontario’s rules for the valuation and division of pension payments following a marriage breakdown. In response to a consultation by the Financial Services Regulatory Authority of Ontario, the ACPM recommended the draft guidance document include an example of an exception to the rule […]

  • By: Staff
  • May 12, 2021 May 12, 2021
  • 09:00
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Workers in Ontario will soon be able access three paid sick days to help them self-isolate during the coronavirus pandemic, but critics said the policy announced April 28 falls far short of what’s required to curb the spread of the coronavirus. Ontario Premier Doug Ford’s government had for months resisted intense pressure from health experts and advocates […]

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Alberta will begin offering coronavirus vaccines to thousands of meat-packing employees across the province starting this week, but a union leader says some workers are reluctant to receive a shot from the government or an employer they don’t trust. The provincial government says starting Tuesday, vaccines will be offered to more than 15,000 workers at 136 […]

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The end of the coronavirus pandemic won’t mean the end of people struggling with mental-issues due to the prolonged public-health crisis, according to the Canadian Mental Health Association. The poll found only 35 per cent of Ontarians consider their mental health to be “very good” or “excellent,” compared to 52 per cent in the first round of polling in May […]

The Association of Canadian Pension Management is calling on the Ontario government to consider amending the Employment Standards Act and the Pension Benefits Act to allow for auto-enrolment and auto-escalation features in capital accumulation plans. Specifically, it would like the government to allow employers to automatically deduct employee contributions from payroll to facilitate these features. […]

  • By: Staff
  • July 20, 2020 December 6, 2020
  • 09:22
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The first quarter of 2020 was rough for Ontarian defined benefit pension plans as they experienced the most significant quarterly decline in projected solvency ratios since December 2009, according to a new report by the Financial Services Regulatory Authority of Ontario. In particular, the median projected solvency declined to 85 per cent as of March […]

  • By: Staff
  • June 2, 2020 December 6, 2020
  • 08:44
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While the Canadian retirement industry has spent a lot of time focusing on the accumulation stage, the decumulation conversation is much further behind. For defined contribution pension plans, almost all jurisdictions across the country have now passed variable benefits legislation, including Ontario, which began allowing the option on Jan. 1, 2020. However, despite receiving legal […]

Draft Annuity Purchase Regulations Published

New DB pension proposals in Quebec, Ontario tackle annuity purchases.

OPB Reports 97% Funded Status

Plan posts an increase of nearly two percentage points compared to last year’s return.

Why Solvency Reform Won’t Make It Better

More reforms just a Band-Aid solution for troubled DB plans.

  • December 22, 2016 September 13, 2019
  • 07:28