The Quebec government’s new regulation regarding temporary solvency relief measures for DB pension plans comes into effect today.
Murray Gold’s first day of work with Koskie Minsky LLP coincided with the start of the case Re Collins and Pension Commission of Ontario (the Dominion Stores case), in which the firm defended the grocery chain’s pension plan members following their employer’s withdrawal of the plan’s $56-million surplus. He was instantly hooked.
The Financial Services Commission of Ontario (FSCO) has published its first administrative position concerning one of the recent amendments to the Pension Benefits Act of Ontario (PBA).
The Financial Services Commission of Ontario (FSCO) has announced changes to the new Pension Benefits Act grow-in rules, providing an opt-out provision for jointly sponsored pension plans (JSPPs) and multi-employer pension plans (MEPPs).
British Columbia's pension reform is another step closer to reality. The province's bill 38, the Pension Benefits Standards Act (PBSA), was introduced on April 30, 2012, and received Royal Assent last week, on May 31. The legislation and accompanying regulations are expected to come into force some time after Jan. 1, 2013.
A bill has been introduced into New Brunswick’s provincial legislature today aimed at repealing the City of Saint John Pension Act, reports Cbc.ca.
On April 30, 2012, the B.C. government introduced Bill 38, the Pension Benefits Standards Act (PBSA). The bill is the long-awaited result (for B.C.) of the 2008 report from the Joint Expert Panel on Pension Standards (JEPPS)—an independent expert panel established by the finance ministers of Alberta and British Columbia.
On April 30, the Ontario government released a draft regulation to amend Ontario Regulation 909—the Pension Benefits Act (PBA) General Regulation—and a consultation document seeking “constructive feedback” regarding yet-to-be-released regulations.
The Ontario government has released a draft regulation to the Pension Benefits Act—amending Regulation 909 (General)—for comment by June 1, 2012.
British Columbia has introduced legislation that it says will enable employers to offer a wider choice of pension plan options.