Kevin Sorenson, minister of state for finance, spoke to the C.D. Howe Institute on the benefits of a proposed federal framework for target benefit plans in Toronto on Monday.
The Association of Canadian Pension Management has congratulated the federal government on its announcement that it intends to make target benefit plans available to federally regulated organizations.
The Canadian Institute of Actuaries says the federal government's launch of consultations on a potential federal framework for target benefit plans is a potential game changer.
Ottawa plans to propose shared-risk pension plans for crown corporations and federally regulated companies, according to media reports.
The biggest challenge for DB pensions isn’t the cost, but the volatility.
For sponsors concerned about the affordability and sustainability of DB plans, a target benefit plan might just hit the spot
As the interest in target benefit plans grows, a new guide by Aon Hewitt says Canada’s pension industry needs to examine the range of choices available for plan governance.
Target benefit plans may be the answer to many problems facing pension plan design, according to a white paper.
Aon Hewitt has launched a website dedicated to target benefit plans for plan sponsors as well as industry and government leaders.
As part of ongoing pension reform initiatives, pension legislation in various Canadian jurisdictions is being amended to accommodate a new pension plan design feature, commonly referred to as a target benefit provision (although the label differs across jurisdictions). Plans containing target benefit provisions could come in different design forms, but, conceptually, they aim to provide […]