The Canadian Institute of Actuaries is urging Ontario to take an actuarial approach to its proposed changes for the pension benefits guarantee fund. The province has proposed increasing…
Expand the Canada Pension Plan replacement rate to 50 per cent of earnings. Cap annual contributions to registered retirement savings plans at $22,000. Establish a public…
The Canada Pension Plan enhancement will cost 64,000 jobs by the time it’s fully in effect, according to a new analysis from the Canadian Federation…
With a mature system of defined contribution pension plans, Australia offers some lessons for how Canada’s industry may evolve. At Benefits Canada’s upcoming Benefits and Pension…
The Canadian Institute of Actuaries has responded to Ontario’s description of its proposed funding rules for defined benefit plans. While the provincial government’s document, published in December 2017, included details…
The Laborers’ International Union of North America pension plan is suing a number of financial institutions for allegedly conspiring to fix prices within the foreign exchange market. The…
A group of Sears Canada Inc. pensioners will ask the Ontario Superior Court of Justice on Thursday to appoint a litigation trustee to review certain actions leading up to…
Deron Waldock has joined McCarthy Tétrault LLP as a partner in its national pension, benefits and compensation group, working out of the firm’s Toronto office.…
When Loblaw Companies Ltd. purchased annuities to reduce the risk in its defined benefit pension plans in January 2017, the $350-million, inflation-linked buyout kicked off…
The ongoing Sears Canada Inc. and Wabush Mines restructurings illustrate that there’s perhaps nothing as vexing in insolvency situations as the position that pension deficits…
After 18 years of litigation, a settlement has delivered $7 million to former employees of the Canada Mortgage and Housing Corp. involved in two class…
While 2017 was a relatively uneventful year in terms of legislative changes affecting pension plans, 2018 promises to be more significant, at least for many defined benefit…
Manitoba’s Liberal Party is concerned about a number of pension plan design changes put forth by the province’s Conservative government in a public review earlier this…
Whether plan sponsors expect a bear or a bull market in 2018, if they’re in a position to de-risk their pension plan, they should do…
With several reasons for both optimism and pessimism about the economy this year, the world appears to be in a state of “stable instability,” an…
Plan sponsors and administrators finally have guidance on Quebec’s supplemental pension plan legislation, two years after initial amendments on Jan. 1, 2016. The regulations, which came into…
The Canadian Institute of Actuaries has responded to Nova Scotia’s consultation on a new defined benefit pension funding framework, including how a target-benefit funding model could…
The Pension Commission of Manitoba has raised the possibility of allowing for shared-risk plans as the province announces consultations on pension reforms ahead of planned…
The Canadian Institute of Actuaries has published a new mortality improvement scale as part of an effort to better reflect Canadians’ increased longevity and harmonize actuarial work in…
The government is introducing automatic enrolment for the guaranteed income supplement benefit beginning this month. The automatic enrolment means that, each month, up to 17,000…
Organizations representing Canada’s veterans say the government’s announcement of the long-awaited lifelong disability pensions has failed to live up to the Liberal’s election promise. Veterans…
If there’s one thing that’s clear about pension reform in 2018, it’s that sponsors will have their hands full, particularly in Ontario. “There’s no question…
As 2017 draws to a close, we turn our attention to the new year. As usual, there’s a lot happening in the Canadian pension environment. Below are…
Bankruptcy and its impact on company’s pension plans was a big story in 2017, with Sears Canada Inc. and Stelco Inc. grabbing the most headlines of the…
Should Canadians be able to dip into their registered retirement savings plans to help their children buy their first house? The Canadian Real Estate Association certainly…