Keyword: Pension governance

46 results found

Two executives at the Pennsylvania-based Public School Employees Retirement System have survived an effort by trustees to oust them from their positions due to investment underperformance. On June 11, PSERS’ executive director Glen Grell and chief investment officer James Grossman were spared being put to a vote of no confidence after the vote was removed […]

  • By: Staff
  • June 15, 2021 June 15, 2021
  • 11:00

While solvency funding relief helped Canada’s pension funds withstand the turbulence of 2020, a long-term vision with an eye to a more robust funding framework would offer better support, according to pensions experts. Responding to the crisis, the federal government launched a consultation last fall on measures to alleviate pension solvency funding requirements for defined […]

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 In response to a consultation by the Financial Services Regulatory Authority of Ontario, the ACPM recommended the draft guidance document include an example of an exception to the rule […]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 13, 2021
  • 09:00
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The Financial Services Regulatory Authority of Ontario is issuing leading practices for the province’s defined benefit multi-employer pension plans, in the areas of governance, risk management and communication. In the area of governance, these practices include establishing a comprehensive orientation policy to onboard new trustees to ensure they begin their term prepared to carry out their duty. […]

  • By: Staff
  • March 26, 2021 March 30, 2021
  • 09:00

Canada’s multi-employer pension plans are facing a wide range of challenges, from funding requirements to future growth, according to a recent webinar hosted by the Association of Canadian Pension Management. The group benefits and pensions division of Newfoundland & Labrador Municipal Employee Benefits Inc. is currently seeking a renewal of its solvency-funding exemption from the […]

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Canada’s pension system was ranked first overall among 15 countries in the Global Pension Transparency Benchmark. It ranked Canadian funds first in governance, citing the “global reputation for superior performance and governance excellence” of Canada’s five largest funds, namely the British Columbia Investment Management Corp., the Caisse de depot et placement du Québec, the Canada […]

  • By: Staff
  • February 23, 2021 February 24, 2021
  • 15:00
Alberta Teachers’ Association set to legally challenge pension order

The Alberta Teachers’ Association says it’s taking legal action against a ministerial order enacted on several pension plans in the province in late December. In a press release, the association said its provincial executive council voted unanimously this week to file a lawsuit, acting on legal advice that identified an avenue for a challenge to […]

  • By: Staff
  • January 29, 2021 April 14, 2021
  • 15:00

The Pension Investment Association of Canada is calling on the federal government to reform pension solvency rules while supporting legislation to introduce solvency reserve accounts and variable-payment life annuities. In response to a federal consultation paper, the PIAC said while it supports temporary relief measures amid the current economic climate, it cautioned against an approval […]

  • By: Staff
  • January 22, 2021 April 14, 2021
  • 09:00
Alberta’s public-sector pension plans reassuring members amid worry over ministerial order

Alberta’s public sector pension plans are reassuring members their pensions are safe, following a recent ministerial order enacted by the provincial government. The order was enacted in late December by Alberta Finance Minister Travis Toews after 2020 deadlines for investment management agreements between the pensions and the Alberta Investment Management Corp. passed with no result. […]

  • By: Staff
  • January 20, 2021 April 23, 2021
  • 15:00
Alberta government facing backlash after changing terms of public-sector pensions

The Alberta Investment Management Corp. is now managing investments for several pensions in the province, a move facing at least one legal challenge. This change is part of a ministerial order that Alberta Finance Minister Travis Toews enacted upon several Alberta-based pensions in late December, after 2020 deadlines for investment management agreements between the pensions […]

  • By: Staff
  • January 19, 2021 April 23, 2021
  • 09:00