Latest news in Governance/legislation

Ontario Budget: Government continues to consult on target benefit plans

Ontario Budget: Government continues to consult on target benefit plans

The Ontario government said it will continue to consult on all aspects of a target benefit multi-employer pension plans framework, including funding rules. In its…

  • By: Staff
  • February 25, 2016 September 13, 2019
  • 17:08
Ontario Budget: Province starts reviewing pension solvency rules

Ontario Budget: Province starts reviewing pension solvency rules

Less than two months after Quebec changed the funding rules for its private defined benefit pension plans, the government of Ontario says it will proceed…

Ontario Budget: Final report on modernization of pension plans to come this spring

Ontario Budget: Final report on modernization of pension plans to come this spring

A final report on modernizing and increasing accountability around the regulations of financial services and pension plans in Ontario is set to be released in…

  • By: Staff
  • February 25, 2016 September 13, 2019
  • 16:51
What will Ontario’s 2016 Budget say about pensions?

What will Ontario’s 2016 Budget say about pensions?

The Association of Canadian Pension Management is hoping to see a series of pension consultations announced by the Ontario government when it shares the details…

OCC calls for offset measures to support transition to ORPP

OCC calls for offset measures to support transition to ORPP

The Ontario Chamber of Commerce (OCC) is calling on the government of Ontario to support employers in the transition to the Ontario Retirement Pension Plan…

  • By: Staff
  • February 23, 2016 September 13, 2019
  • 09:50
Editorial: ORPP ads reflect misplaced priorities

Editorial: ORPP ads reflect misplaced priorities

It’s not in existence yet, but the Ontario Retirement Pension Plan is already coming under scrutiny from the auditor general. In this case, Bonnie Lysyk…

  • By: Glenn Kauth
  • February 22, 2016 September 13, 2019
  • 09:15
Quebec shakes up pension landscape with shift to going-concern funding

Quebec shakes up pension landscape with shift to going-concern funding

In a move that has drawn significant attention in the pension community, Quebec has introduced a potential solution to a major conundrum for employers: how…

Nortel pensioners face decision on payment options

Nortel pensioners face decision on payment options

After a six-year legal battle, it’s finally time for the former employees of the bankrupt technology firm Nortel Networks to learn what to do with their…

CPP to be expanded within the year

CPP to be expanded within the year

The Canada Pension Plan will be enhanced in 2016, says federal Finance Minister Bill Morneau. “Our goal is to work together with all provinces and…

  • By: Staff
  • February 17, 2016 September 13, 2019
  • 11:45
ORPP delay welcomed, but more support needed

ORPP delay welcomed, but more support needed

The Ontario Chamber of Commerce and the Canadian Federation of Independent Business are just two of the organizations encouraged by the provincial government’s announcement Tuesday…

ORPP delay a ‘wise’ move

ORPP delay a ‘wise’ move

The Association of Canadian Pension Management is welcoming today’s announcement of a one-year delay to the Ontario Retirement Pension Plan. “We welcome it,” says ACPM…

  • By: Glenn Kauth
  • February 16, 2016 September 13, 2019
  • 11:25
ORPP delay, GST relief on investment association’s budgetary wish list

ORPP delay, GST relief on investment association’s budgetary wish list

The Portfolio Management Association of Canada is adding its voice to groups calling for a delay to the introduction of the Ontario Retirement Pension Plan.…

  • By: Glenn Kauth
  • February 12, 2016 September 13, 2019
  • 11:36
Greek farmers clash with riot police in pensions protest

Greek farmers clash with riot police in pensions protest

Greek farmers wielding shepherd’s staffs and throwing rocks clashed with riot police in Athens on Friday as thousands headed to the capital for a two-day…

CLHIA calls for one-year delay to ORPP

CLHIA calls for one-year delay to ORPP

The Canadian Life and Health Insurance Association (CLHIA) has called for a one-year delay of the ORPP. In its 2016 Ontario Budget Submission, written to Ontario Minister…

Lawsuit filed against IAM pension fund

Lawsuit filed against IAM pension fund

The U.S. Department of Labor has filed a lawsuit against the International Association of Machinists (IAM) National Pension Fund and its board of trustees, citing…

Ontario spent $600K on ORPP ads during election: taxpayer group

Ontario spent $600K on ORPP ads during election: taxpayer group

Premier Kathleen Wynne is defending nearly $600,000 the government spent in advertising the Ontario Retirement Pension Plan during the federal election campaign. The Canadian Taxpayers’ Federation…

Raising the bar on pension plan governance

Raising the bar on pension plan governance

New regulations and legislation around plan administration is changing the state of play for pension governance. It is no longer a nice to have; it’s…

SIPP requirements: Out of the boilerplate and into the boiler

SIPP requirements: Out of the boilerplate and into the boiler

Pension plan administrators have a fiduciary duty to invest plan assets prudently and in the best interests of plan beneficiaries. This much, to quote Jane…

  • By: Mark Firman
  • February 3, 2016 September 13, 2019
  • 09:34
Greece enters new round of bailout talks amid pension reform unrest

Greece enters new round of bailout talks amid pension reform unrest

Greece’s leftwing-led government is entering a new round of negotiations with its creditors over progress on the latest bailout program, amid angry union reactions to…

Conservatives and NDP express ORPP concerns

Conservatives and NDP express ORPP concerns

As the Ontario government continues to forge ahead with its plans for the Ontario Retirement Pension Plan (ORPP) by announcing new details and features this…

ORPP design and feature details announced

ORPP design and feature details announced

The Ontario government has announced a series of design and feature details for the Ontario Retirement Pension Plan (ORPP). In a press conference this morning, Ontario…

ORPP will deliver a serious dose of pension awareness

ORPP will deliver a serious dose of pension awareness

No matter which position you take on the Ontario Retirement Pension Plan (ORPP), one thing is certain: its introduction offers a unique opportunity to engage and…

ACPM urges government to delay ORPP

ACPM urges government to delay ORPP

The Association of Canadian Pension Management (ACPM) has asked the Ontario government to delay the implementation of the Ontario Retirement Pension Plan (ORPP) by one year. In a letter to…

Greeks protesting pension and tax reforms block highways

Greeks protesting pension and tax reforms block highways

Greek farmers angry at planned pension and tax reforms have expanded their campaign of blocking highways and closed a border crossing to Bulgaria. About 1,500…

Trucking industry’s ORPP concerns ‘laid to rest’

Trucking industry’s ORPP concerns ‘laid to rest’

The Ontario Trucking Association (OTA) said that one of its key concerns about the Ontario Registered Pension Plan (ORPP) has been “laid to rest for…