In response to proposed legislation that would introduce the option of variable life benefits in Ontario, the Association of Canadian Pension Management is recommending against regulating plan sponsors to disclose an expected rate of return on contributions made to a variable life benefits fund. In an open letter to the provincial Ministry of Finance, the […]
In light of upcoming changes to Ontario’s employment leave policies, as well as new requirements for job postings, it’s important for employers to review and update their workplace policies to ensure they’re in line with current legislation, says Larysa Workewych, a senior associate at Dentons Canada LLP. As of June 19, an employee with at […]
Variable payment life annuities and the impact of gender identity on actuarial standards are among the issues the Canadian Institute of Actuaries is monitoring in 2025, says Simon Nelson, a principal at Eckler Ltd. and chair of the CIA’s pension practice committee. A CIA task force on VPLAs will present its findings early this year, […]
The Canada Pension Plan Investment Board is selling a 49 per cent stake in a portfolio of China real estate projects for nearly $235 million. The assets are part of a joint venture with Chinese real estate company Longfor Group Holdings Ltd. and are being sold to an affiliate of Dajia Insurance Group Co. Ltd. The portfolio […]
The Financial Services Regulatory Authority of Ontario is closely monitoring administrative risk and pension plan sponsors’ geopolitical concerns in 2025, says Andrew Fung, the organization’s executive vice-president of pensions. He cites increasing non-investment management risks like fraud, identity theft, data breach, cybersecurity and the use of artificial intelligence as emerging risks that plan sponsors will […]
From the unlocking of pension benefits in Nova Scotia to new pay transparency rules in Ontario, stories about pension and employment legislation caught the eyes of Benefits Canada’s readers in 2024. In addition, a pair of articles on the rollout of new glucagon-like peptide-1 receptor agonist medications in Canada were also popular with readers. Here […]
An article on the federal government’s decision to transfer a $1.9 billion public pension surplus to general revenue was the most-read story on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the last week: 1. Feds’ decision to transfer $1.9BN public pension surplus to general revenue within its […]
The Healthcare of Ontario Pension Plan is welcoming eligible physicians in Ontario to join its defined benefit pension plan, effective January 2025. This new development will allow incorporated physicians who run their own practices, provide services from a medical clinic or provide services from a hospital to enrol in the HOOPP, according to a press […]
An independent review of the Ontario Municipal Employees’ Retirement System will examine the unique governance structure of the investment organization. The current structure of the investment organization designates two separate entities with different duties and responsibilities, notes Jordan Fremont, a partner in the pensions and benefits group at Stikeman Elliott LLP. The OMERS Sponsors Corporation […]
The average funded position of defined benefit pension plans in Ontario was 121 per cent in the third quarter of 2024, down just two per cent from the previous quarter, according to a new report by the Financial Services Regulatory Authority of Ontario. It attributed this decrease to a drop in discount rates from the previous […]