There is increasing awareness of the need to move beyond the DB versus DC debate to include a middle-ground option that incorporates some of the positive attributes of both designs, according to a report.
New Brunswick is being sued by a group of retirees after the province made changes to the public sector pension plan.
The federal government has concluded its public consultations on establishing a federal framework for target benefit plans and will use the input to draft legislation.
The Government of Quebec says the province's municipal pensions are underfunded by $3.9 billion and has introduced a bill to try to fix the problem.
A study finds that the Ontario government's proposed provincial pension plan could cost Ontarians thousands of dollars each year.
Plan sponsors that think moving from DB to DC would provide them with cost certainty may be mistaken.
Not long ago Canadian pension blogs were ringing the death knell and warning plan administrators about the collapse of the “spouse-in-the-house” rule arising from the unexpected decision in Carrigan v. Carrigan Estate. Flash forward 18 months and new B.C. legislation is creating additional challenges for benefits administrators attempting to pay death benefits to a deceased’s intended beneficiary.
The Government of Alberta has put two pieces of pension reform legislation on hold for the time being.
The Ontario New Democratic Party says it won't support the Liberal budget, which contained plans to introduce an Ontario Retirement Pension Plan and legislation for pooled registered pension plans.
The Government of Ontario is moving forward with a new mandatory provincial pension plan, the Ontario Retirement Pension Plan (ORPP).