pension obligation – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Fri, 03 May 2024 21:03:19 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 Alcoa entering $315 million annuity transfer for Canadian DB pensions https://www.benefitscanada.com/pensions/defined-benefit-pensions/alcoa-entering-235-million-annuity-transfer-for-canadian-db-pensions/ Thu, 20 Apr 2023 13:00:08 +0000 https://www.benefitscanada.com/?p=136799 Alcoa Corp. is de-risking roughly $315 million (US$235 million) in Canadian defined benefit pension obligations and assets with an annuity transfer. The group annuity contracts will be executed by Industrial Alliance Insurance and Financial Services Inc., which will assume payments for roughly 500 participants in September, according to a press release. Read: Alcoa entering $1BN […]

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]]> ACPM provides feedback on proposed amendments to pension accounting standards https://www.benefitscanada.com/pensions/governance-law/acpm-provides-feedback-on-proposed-amendments-to-pension-accounting-standards/ Thu, 16 Jun 2022 13:00:57 +0000 https://www.benefitscanada.com/?p=122771 The Association of Canadian Pension Management is providing feedback on the Accounting Standards Board’s proposed amendments to the Chartered Professional Accountants of Canada’s handbook, including changes to sections covering defined benefit pension plan obligations and amalgamations. In an open letter responding to the board’s proposal, Ric Marrero, chief executive officer of the ACPM, said when […]

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