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 […]
The federal government is expanding its return-to-office mandate for public employees. As of May 4, executives in the federal public service will be required to work onsite five days per week, while all workers will return four days per week as of July 6. The mandate applies to workers in the core public administration, including […]
Don Smith, the recently suspended chair of the Colleges of Applied Arts and Technology pension plan’s board of trustees, has been removed from his position following allegations of an improper executive compensation approval, according to a report by the Toronto Star. He was removed Thursday by the members of the plan’s sponsors’ committee amid a […]
With the new year may come new resolutions — or at least topics to keep in mind — for capital accumulation plan sponsors. Ongoing compliance with the CAPSA’s updated CAP guideline While the Jan. 1 deadline for CAP sponsors to bring their systems and processes into compliance with the Canadian Association of Pension Supervisory Authorities’ […]
More than half (56 per cent) of Canadian job seekers believe they’ve applied for a ‘ghost job’ — a posting for a role that an employer has no intention of filling — underscoring growing frustration with opaque hiring practices, salary secrecy and employer silence, according to a new survey by Employment Hero. The survey, which […]
The Financial Services Regulatory Authority of Ontario is appointing Wing-Yee Wong as its chief financial officer, effective Feb. 2, 2026. Wong brings more than 20 years of financial leadership experience in complex public sector environments, according to a press release. Most recently, she served as finance, procurement and logistics director at Elections Ontario, where she […]
The Human Rights Tribunal of Ontario has ruled an employers’ conduct that creates mere emotional discomfort for employees during the accommodation process may not amount to discrimination. “What emerges from the Cillis v. Hamilton decision is an objective standard requiring employers to act reasonably, not perfectly,” says Jeff Goodman, a commercial employment law partner at […]
A series of major winter storms that shut down highways, closed schools and prompted travel warnings across parts of Ontario is renewing scrutiny of how employers apply return-to-office policies during emergency situations. During a severe snowstorm earlier this month, an internal memo sent to Ontario public servants by the provincial Ministry of Transportation indicated they […]