target-benefit plans – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Tue, 07 May 2024 20:29:28 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 FSRA focusing on target-benefit framework for MEPPs, sustainability of PBGF in 2024-25 annual plan https://www.benefitscanada.com/pensions/governance-law/fsra-focusing-on-target-benefit-framework-for-mepps-sustainability-of-pbgf-in-2024-25-annual-plan/ Wed, 17 Apr 2024 13:00:25 +0000 https://www.benefitscanada.com/?p=154330 In its 2024-25 annual plan, the Financial Services Regulatory Authority of Ontario is focusing on assessing and mitigating systemic and high-priority risks in the province’s defined benefit pension plan sector. The regulatory body will review and enhance its supervisory framework to strengthen supervision of large public sector pension plans, ensuring its plan amendments and surplus […]

The post FSRA focusing on target-benefit framework for MEPPs, sustainability of PBGF in 2024-25 annual plan appeared first on Benefits Canada.com.

]]> Ontario continues work on infrastructure bank, target-benefit pension plan framework https://www.benefitscanada.com/canadian-investment-review/alts/ontario-continues-work-on-infrastructure-bank-target-benefit-pension-plan-framework/ Wed, 27 Mar 2024 19:00:26 +0000 https://www.benefitscanada.com/?p=153691 In its 2024 budget on Tuesday, the Ontario government reiterated its support for a provincial infrastructure bank to leverage public sector pension investments. The bank, renamed the Building Ontario Fund, was announced in the province’s 2023 fall economic statement and will support the development of new long‐term care homes, energy infrastructure, affordable housing, municipal and […]

The post Ontario continues work on infrastructure bank, target-benefit pension plan framework appeared first on Benefits Canada.com.

]]> Clear, flexible regulations needed for target-benefit plans: report https://www.benefitscanada.com/pensions/governance-law/clear-flexible-regulations-needed-for-target-benefit-plans-report/ Tue, 19 Mar 2024 13:00:06 +0000 https://www.benefitscanada.com/?p=153230 Clear and flexible regulations that reflect the nature and diversity of target-benefit plans would allow these plans to thrive, according to a new report from the C.D. Howe Institute. The report analyzed data collected from 29 target-benefit plans registered in British Columbia, which was the first province to implement these plans. Read: Report finds disconnect […]

The post Clear, flexible regulations needed for target-benefit plans: report appeared first on Benefits Canada.com.

]]> Climate change, pension super-priority law among CIA’s priorities for 2024 https://www.benefitscanada.com/pensions/governance-law/climate-change-pension-super-priority-law-among-cias-priorities-for-2024/ Thu, 25 Jan 2024 14:00:16 +0000 https://www.benefitscanada.com/?p=151103 The impacts of climate change and federal super-priority legislation on Canadian pension plans are among the issues that the Canadian Institute of Actuaries is monitoring in 2024, says Simon Nelson, a principal at Eckler Ltd. and chair of the CIA’s pension practice committee. While climate change is a consideration across all of the CIA’s practice […]

The post Climate change, pension super-priority law among CIA’s priorities for 2024 appeared first on Benefits Canada.com.

]]> Top 5 HR, benefits, pension and investment stories of the week https://www.benefitscanada.com/news/bencan/top-5-hr-benefits-pension-and-investment-stories-of-the-week-69/ Fri, 19 Jan 2024 14:00:22 +0000 https://www.benefitscanada.com/?p=150921 An article on how the federal government should ensure its new Canadian Dental Care Plan doesn’t displace existing employer-sponsored dental coverage was the most-read story on BenefitsCanada.com. Here are the top five human resources, benefits, pension and investment stories of the past week: 1. Tax credit could ensure national dental-care plan doesn’t displace employer-sponsored coverage: expert […]

The post Top 5 HR, benefits, pension and investment stories of the week appeared first on Benefits Canada.com.

]]> Expert panel: Risk management, target-benefit framework among themes shaping pension industry in 2024 https://www.benefitscanada.com/expertpanel_/susan-g-seller/expert-panel-risk-management-target-benefit-framework-among-themes-shaping-pension-industry-in-2024/ Tue, 16 Jan 2024 14:00:02 +0000 https://www.benefitscanada.com/?p=150589 While it’s impossible to predict exactly how pension case law will evolve in future, one can offer an educated guess at some legislative developments and other issues that may confront pension plan sponsors and administrators in the coming year. Risk management Plan sponsors can expect a continued focus on risk management as a key part […]

The post Expert panel: Risk management, target-benefit framework among themes shaping pension industry in 2024 appeared first on Benefits Canada.com.

]]> Can IBM’s retirement benefit account revive the traditional DB pension plan? https://www.benefitscanada.com/pensions/defined-benefit-pensions/can-ibms-retirement-benefit-account-revive-the-traditional-db-pension-plan/ Tue, 19 Dec 2023 14:00:44 +0000 https://www.benefitscanada.com/?p=148884 After closing its defined benefit pension plan nearly two decades ago and replacing it with a less riskier defined contribution plan, International Business Machines Corp. is launching a new retirement benefit account that allows its U.S. employees to have the best of both worlds. Last week, the company ceased its 401(k) matching and one per […]

The post Can IBM’s retirement benefit account revive the traditional DB pension plan? appeared first on Benefits Canada.com.

]]> Contributions to B.C. pension plans increased by 10% in 2022: report https://www.benefitscanada.com/pensions/defined-benefit-pensions/contributions-to-b-c-pension-plans-increased-by-10-in-2022-report/ Fri, 17 Nov 2023 14:00:33 +0000 https://www.benefitscanada.com/?p=147306 Contributions to British Columbia-based defined benefit and defined contribution pension plans increased by 10 per cent in 2022, while contributions to target-benefit plans increased by 9.4 per cent, according to the B.C. Financial Services Authority’s annual pensions report. The report, which analyzed data from more than 600 pension plans, found overall plan membership increased by […]

The post Contributions to B.C. pension plans increased by 10% in 2022: report appeared first on Benefits Canada.com.

]]> Ontario Infrastructure Bank to leverage public sector pension investments https://www.benefitscanada.com/canadian-investment-review/alts/ontario-infrastructure-bank-to-leverage-public-sector-pension-investments/ Fri, 03 Nov 2023 13:00:27 +0000 https://www.benefitscanada.com/?p=146427 The Ontario government is launching an infrastructure bank that will leverage investments by public sector pension plans and other Canadian institutional investors. In its fall economic statement on Thursday, the province said it will provide $3 billion in initial funding to the Ontario Infrastructure Bank, which will support the development of new long‐term care homes, […]

The post Ontario Infrastructure Bank to leverage public sector pension investments appeared first on Benefits Canada.com.

]]> Ontario’s guidance for target-benefit MEPPs undermines incentives for plan sponsors: ACPM https://www.benefitscanada.com/pensions/governance-law/ontarios-guidance-for-target-benefit-mepps-undermines-incentives-for-plan-sponsors-acpm/ Mon, 30 Oct 2023 13:00:48 +0000 https://www.benefitscanada.com/?p=146047 The Ontario Ministry of Finance’s proposed guidance for multi-employer target-benefit pension plans undermines incentives for employers to contribute towards their employees’ retirement savings, including cost certainty, with unduly burdensome regulatory framework, according to the Association of Canadian Pension Management. In an open letter, the ACPM expressed its hesitation about proposed rules restraining trustees’ ability to prudently […]

The post Ontario’s guidance for target-benefit MEPPs undermines incentives for plan sponsors: ACPM appeared first on Benefits Canada.com.

]]>