Latest news in Governance/legislation

Quebec proposes changes to pension funding rules

Quebec has introduced a bill that makes major changes to the funding rules for private sector DB plans, says an Eckler Special Notice. Bill 57…

By: Staff
June 22, 2015 September 13, 2019
11:29

Newfoundland and Labrador reaches agreement on teachers’ pension plan

The Government of Newfoundland and Labrador has agreed to contribute more than $1.8 billion in the form of a promissory note to the Teachers' Pension…

By: Staff
June 17, 2015 September 13, 2019
00:01

Quebec may push back age for collecting public pensions

Some Quebecers may have to delay their retirement plans if the provincial government succeeds in a plan to push back the age at which they…

By: Canadian Press
June 15, 2015 September 13, 2019
10:56

Editorial: The DC industry should refocus its efforts

Earlier this year, Benefits Canada hosted its annual DC Plan Summit. As part of the agenda, Ole Settergren from the Swedish Pension Agency talked about…

By: Alyssa Hodder
June 1, 2015 September 13, 2019
13:41

Is the voluntary CPP add-on DOA?

The announcement that the federal government is going to study the option of allowing Canadians to voluntarily contribute to the CPP to supplement their retirement…

By: Greg Hurst
May 27, 2015 September 13, 2019
12:11

Ontario passes PRPP legislation

Ontario has passed the Pooled Registered Pension Plans (PRPP) Act, 2015.

By: Staff
May 27, 2015 September 13, 2019
09:44

Employers must monitor 401(k) fees, Supreme Court rules

The United States Supreme Court says 401(k) plans must monitor the investment options being offered, reports Bloomberg.

By: Staff
May 19, 2015 September 13, 2019
11:43

B.C. finally gets its new Pension Benefits Standards Act

At long last many of the recommendations of the Joint Expert Panel on Pension Standards (JEPPS) included in its November 2008 final report entitled Getting…

May 14, 2015 September 13, 2019
13:37

Get investment beliefs out on the pension committee table

Companies that sponsor pension plans often empower a pension or investment committee to provide oversight and management of the investment arrangements.

May 13, 2015 September 13, 2019
10:06

Illinois Supreme Court strikes down pension reform law

The Illinois Supreme Court overturned the state's 2013 pension reform law.

By: Staff
May 11, 2015 September 13, 2019
11:00

ORPP bill receives royal assent

Ontario's Bill 56, An Act to require the establishment of the Ontario Retirement Pension Plan (ORPP), received royal assent on Tuesday.

By: Staff
May 6, 2015 September 13, 2019
12:32

Ontario approves bill to create ORPP

Ontario has passed legislation to create the Ontario Retirement Pension Plan (ORPP).

By: Staff with files from Canadian Press
April 29, 2015 September 13, 2019
13:05

N.S. universities could join public service pension plan

Nova Scotia has introduced legislation that will allow university pension plans to be transferred to the Nova Scotia Public Service Superannuation Plan (PSPP).

By: Staff
April 27, 2015 September 13, 2019
00:01

Ontario releases proposed criteria for exempting JSPPs from funding requirements

The Ontario government has released a consultation paper on the proposed criteria that the government might use to evaluate whether newly established multi-employer jointly sponsored…

By: Staff
April 27, 2015 September 13, 2019
00:01

ORPP reactions remain divided

Ontario’s decision to move ahead with creating the Ontario Retirement Pension Plan, a mandatory provincial plan that will offer a retirement benefit on top of…

By: Yaldaz Sadakova
April 24, 2015 September 13, 2019
11:58

ORPP Administration Corporation details revealed

The Government of Ontario has unveiled details about its plan to create an arms-length organization to administer the Ontario Retirement Pension Plan (ORPP).

By: Craig Sebastiano
April 23, 2015 September 13, 2019
17:49

Nova Scotia Pension Benefits Act coming into effect

Nova Scotia's updated Pension Benefits Act will come into effect on June 1.

By: Staff
April 23, 2015 September 13, 2019
10:22

DC plan sponsors should be exempt from ORPP: Money managers

Capital Accumulation Plans should be exempt from participating in the proposed Ontario Retirement Pension Plan (ORPP), said Marka Yamada, president and CEO of PUP Investing,…

By: Yaldaz Sadakova
April 22, 2015 September 13, 2019
14:02

ORPP bill moves ahead

Bill 56, An Act to require the establishment of the Ontario Retirement Pension Plan, has moved one step closer to becoming law.

By: Craig Sebastiano
April 14, 2015 September 13, 2019
12:01

Does anyone need a PRPP?

Both small business and insurance industry leaders exhorted the Pooled Registered Pension Plan (PRPP) as a preferable option over the ORPP. But PRPPs may be…

By: Greg Hurst
March 27, 2015 September 13, 2019
07:43

Committee to hold ORPP hearings

The Standing Committee on Social Policy will meet to consider Bill 56, An Act to require the establishment of the Ontario Retirement Pension Plan,later this…

By: Staff
March 16, 2015 September 13, 2019
10:46

FATCA: Growing pains for administrators

We are all familiar with the expression “the long arm of the law.” However, few laws’ arms are longer than that of the U.S. Foreign…

By: Mark Firman
March 9, 2015 September 13, 2019
11:27

An important development for sustainable investment

In Ontario, the regulator recently made it a requirement effective Jan. 1, 2016 for pension funds to disclose whether environmental, social and governance (ESG) factors…

March 6, 2015 September 13, 2019
12:08

Ottawa needs to clear the path for TBPs: Report

Ottawa needs to change federal tax rules so that they accommodate single-employer target benefit plans, according to a C.D. Howe Institute report.

By: Staff
March 4, 2015 September 13, 2019
09:53

Are target benefit plans secure?

Faced with growing pension risks, do target benefit plans offer security for sponsors?

By: Ian Kinross and Martin Biefer
March 1, 2015 September 13, 2019
07:00