Keyword: Pension legislation

724 results found
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A new report from the C.D. Howe Institute says pension plan fiduciaries shouldn’t ignore climate change and other environmental, social, and governance factors that are relevant to financial purposes. However, when plan fiduciaries use ESG factors to prioritize social or environmental concerns, such as those expressed by plan members, they put themselves on shaky legal […]

  • By: Staff
  • November 15, 2022 November 14, 2022
  • 09:00
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An article on the strike by Ontario education workers was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. CUPE’s Ontario education workers striking for extended benefits, wage increases 2. Stellantis, Unifor agreement includes pension and retirement gains 3. Sounding Board: How employers can better support employees […]

  • By: Staff
  • November 11, 2022 November 11, 2022
  • 09:00
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The Canadian Institute of Actuaries is advising the Canadian Association of Pension Supervisory Authorities to strengthen its proposed guideline on risks related to environmental, social and governance factors, including consideration for pension plan liabilities and climate-related disclosure. In an open letter to the CAPSA, the CIA suggested including a section on how ESG factors should […]

  • By: Staff
  • November 8, 2022 November 8, 2022
  • 09:00
Alberta’s public-sector pension plans reassuring members amid worry over ministerial order

The Canadian Institute of Actuaries is supporting several of the Alberta government’s proposed legislative and policy updates for private sector pension laws, including the move towards a going-concern plus regime for defined benefit plans and the introduction of automatic features in defined contribution plans. In its response to the consultation draft, the CIA cited the benefits […]

  • By: Staff
  • November 7, 2022 November 4, 2022
  • 09:00
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The maximum pensionable earnings under the Canada Pension Plan for 2023 is increasing to $66,600 from $64,900 in 2022. The new ceiling was calculated according to a CPP legislated formula that takes into account the growth in average weekly wages and salaries in Canada, according to a press release from the Canada Revenue Agency. Contributors who earn more than $66,600 in 2023 […]

  • By: Staff
  • November 3, 2022 November 2, 2022
  • 09:00
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A pair of articles on Benefits Canada‘s 2022 Workplace Benefits Awards winners were among the most-read stories on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. TD Bank Group awarded for innovative benefits plan communications 2. KPMG offering Indigenous wellness benefit as part of Truth and Reconciliation plan 3. Sounding Board: […]

  • By: Staff
  • October 28, 2022 October 28, 2022
  • 09:00
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Capital accumulation plan sponsors need to focus on providing lifetime retirement income for plan members amid the growth of decumulation solutions such as advanced life deferred annuities and variable payment lifetime annuities, according to a new report by the C.D. Howe Institute. It noted DC plan members currently have three main options to draw down […]

  • By: Staff
  • October 25, 2022 October 25, 2022
  • 15:00
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The Pension Investment Association of Canada is reiterating its concerns about Bill C-228, which was designed to protect members of defined benefit pension plans during windups. “PIAC shares the same concern as the [House of Commons] standing committee on finance that pension security is paramount for our members,” wrote Peter Waite, executive director of the […]

  • By: Staff
  • October 25, 2022 October 24, 2022
  • 10:11

An article about an open letter that highlighted how proposed amendments to the federal Bankruptcy and Insolvency Act could have a positive impact on defined benefit plan members was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Amendments to insolvency legislation would secure DB pensions, […]

  • By: Staff
  • October 21, 2022 October 21, 2022
  • 09:00

The Association of Canadian Pension Management is urging parliamentarians to vote down a bill that would provide super-priority to defined benefit pension plan members in the event of a plan sponsor’s insolvency. In an open letter to the House of Commons standing committee on finance, the ACPM said Bill C-228 could make it expensive or impossible […]

  • By: Staff
  • October 20, 2022 October 19, 2022
  • 09:00