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Thursday 18 January 2024
Benefits Canada Daily Newsletters
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Top Stories
PIAC focusing on pension solvency uniformity, CAPSA risk management guidelines in 2024
PIAC focusing on pension solvency uniformity, CAPSA risk management guidelines in 2024
The PIAC will concentrate its legislative advocacy efforts on funding reform in 2024, including for an overhaul of long-term, minimum funding regulations for federally regulated DB pension plans, said David Lawson, the association's new chair.
Some institutional investors asking fund managers to release capital before committing to more funding
Some institutional investors asking fund managers to release capital before committing to more funding
Additional requests range from fee discounts and more co-investment opportunities to greater information rights and representation on committees or an opportunity to buy a stake in the fund manager, according to reporting by Bloomberg.
Majority of Canadian employees satisfied with their job: Stats Can
Majority of Canadian employees satisfied with their job: Stats Can
Average levels of satisfaction ranged from 7.4 out of 10 among employees with weekly earnings in the bottom 10% to 8.0 among those with earnings in the top 10%, according to a new survey by Statistics Canada.
 
From the Archives
PIAC calls for going-concern plus regime, VPLAs, PRPP framework in pre-budget submission
PIAC calls for going-concern plus regime, VPLAs, PRPP framework in pre-budget submission
A federally mandated funding requirement is in the best interests of both pension plan sponsors and members, said the PIAC, noting DB plans are inherently long-term obligations, so short-term solvency funding policies aren’t appropriate.
 
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In Case You Missed It
Tax credit could ensure national dental-care plan doesn't displace employer-sponsored coverage: expert
Tax credit could ensure national dental-care plan doesn't displace employer-sponsored coverage: expert
“We don't want to create incentives for employers or provinces to start dropping dental coverage, so we’ll continue to work with government to understand the program and to encourage them to put protections in place to avoid employers dropping coverage,” says the CLHIA’s Stephen Frank.
My Take: More financial literacy needed to help employees achieve retirement goals
My Take: More financial literacy needed to help employees achieve retirement goals
It’s increasingly difficult for most Canadians to put aside any savings above their monthly expenses, thanks in large part to the squeeze from high inflation and the effects of increased interest rates impacting their wallets.