BE Responsive Newsletter

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N.S. legislation allowing private employers to transfer pensions into PSSP
The Private Sector Pension Plan Transfer Act, which received royal assent on Nov. 9, provides all employers based in the province with the option of offering or continuing to offer a DB pension plan with a prescribed funding policy, says Stewart McKelvey’s Level Chan.

2023 Future of Work Summit: Employee attraction and retention, engagement and workplace culture top list of employers’ HR priorities
With many Canadians feeling financially stretched amid high interest rates and inflation, benefits plans will make the difference in the job hunt, said McDonald's Alex Snelling, during a panel at Benefits Canada's 2023 Future of Work Summit.

Real return bonds support pension risk management, provide liability data: ACPM
“Robust risk management practices are an integral part of pension plan security and sustainability and ceasing the issuance of real return bonds in Canada reduces retirement benefit security by reducing the ability of both pension plan sponsors and individual Canadians to manage risk," said the ACPM in an open letter.

Competitive pension risk transfer costs increase from 101.1% to 101.9% in October: report
In October, the average annuity purchase cost across all insurers in the index rose 90 basis points, from 103.5% to 104.4%, according to Milliman’s latest pension buyout index.

Question of the Week

How can a focused approach to disability management help companies better support employees with a return to health and work?

Answer from Olivier Pagé, Director, Group Disability Management Operations, Medavie Blue Cross

Feds consider end of ‘30% rule’ for pensions, propose EI adoption benefit: fall economic statement
Large federally regulated pension plans may also be required to publicly disclose the distribution of their investments — both by jurisdiction and asset type per jurisdiction — to the OSFI.

Former federal finance minister defends 'sustainably successful' CPP amid Alberta pension exit plan
Speaking at the Portfolio Management Association of Canada’s national conference last week, former federal finance minister Bill Morneau said Canadians don’t realize how ideally the CPP is regarded by other countries.

November Issue

People Watch

Visit People Watch Page for more.

Conferences

Visit Conferences for more.

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