The Government of Ontario will release its budget on Thursday afternoon, and details of the province’s pension plan are likely to be part of it.
Last week, the Government of Ontario released four proposals in respect of proposed amendments to Regulation 909 under the Pension Benefits Act and is seeking comments from interested stakeholders, according to Hicks Morley's FTR Now update.
The federal government has unveiled a proposal for target benefit plans, pension programs that share the risk between employers and employees.
The Government of Alberta has introduced a bill to reform the province's public sector pension plans.
The Government of New Brunswick introduced legislation on Wednesday to move members of the legislative assembly (MLA) to a shared-risk pension plan.
Ontario has exempted American government securities from the pension law 10% diversification limit, according to a Pension Alert from Borden Ladner Gervais.
The Government of Alberta will scale back some of its proposed changes to public sector pension plans announced in September.
The Rhode Island government and attorneys representing public employee unions and retiree coalitions challenging changes to the state's pension system have reached a settlement agreement achieved through court-ordered mediation.
The Government of Ontario has proposed a regulatory amendment that would modify one of the quantitative investment limits that apply to registered pension plans in Ontario, which promotes diversification by restricting a plan administrator from investing more than 10% of a pension plan's assets in a single entity, or two or more associated entities or affiliated companies.
Ontario's finance minister has asked the rest of Canada "to collaborate on options to improve supplementary retirement income for workers."