Latest news in Governance/legislation

ORPP Administration Corporation details revealed

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).

Nova Scotia Pension Benefits Act coming into effect

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

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,…

ORPP bill moves ahead

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.

Does anyone need a PRPP?

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

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

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

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 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?

Are target benefit plans secure?

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

Editorial: Broken promises

Editorial: Broken promises

The House of Commons recently passed Bill C-518, which would revoke the pensions of politicians who are convicted of certain serious crimes.

Quebec to amend Supplemental Pension Plans Act

Quebec to amend Supplemental Pension Plans Act

Last week, Quebec introduced Bill 34, “An Act to amend the Supplemental Pension Plans Act with respect to the funding and restructuring of certain multi-employer…

  • By: Staff
  • February 24, 2015 September 13, 2019
  • 11:30
Do employees want auto features?

Do employees want auto features?

Canadian DC plan sponsors need a boost to drive employees’ retirement savings

  • By: Jeff Aarssen
  • February 13, 2015 September 13, 2019
  • 07:00
Illinois creates private sector retirement savings plan

Illinois creates private sector retirement savings plan

Legislation to create a retirement plan for private sector employees in Illinois has been signed into law.

  • By: Staff
  • January 7, 2015 September 13, 2019
  • 10:38
Why Canada’s pension funding regime needs an overhaul

Why Canada’s pension funding regime needs an overhaul

Canada’s pension legislators need to fix the pension solvency funding system to reflect current realities

  • By: Ian Edelist
  • January 1, 2015 September 13, 2019
  • 07:00
Alberta amends Employment Pension Plans Regulation

Alberta amends Employment Pension Plans Regulation

The Government of Alberta amended the Employment Pension Plans Regulation primarily to establish a new moratorium on solvency fund for collectively bargained multi-employer pension plans.

  • By: Staff
  • December 31, 2014 September 13, 2019
  • 09:41
Pension commuted values expected to rise

Pension commuted values expected to rise

The Actuarial Standards Board is proposing new mortality tables be used to calculate pension commuted values for members terminating from DB plans and that could…

  • By: Staff
  • December 30, 2014 September 13, 2019
  • 15:25

Best of pensions in 2014

This year was an interesting one for the pension industry. After enhancing the Canada Pension Plan was put on hold in late 2013, Ontario went…

  • By: Staff
  • December 30, 2014 September 13, 2019
  • 10:04
Final regulations on retiree statements, investment policies released

Final regulations on retiree statements, investment policies released

The Ontario government has filed O. Reg. 235/14, which amends the Pension Benefits Regulation to include provisions on the content and timing requirements for biennial…

  • By: Staff
  • December 30, 2014 September 13, 2019
  • 10:02
Alberta solvency reserve accounts: An answer to trapped capital?

Alberta solvency reserve accounts: An answer to trapped capital?

DB plan sponsors in Alberta (and soon British Columbia) should carefully consider taking advantage of recent and forthcoming) legislation in those provinces permitting them to…

ORPP consultation paper released

ORPP consultation paper released

The Government of Ontario has released a consultation paper on the Ontario Retirement Pension Plan.

  • By: Staff
  • December 18, 2014 September 13, 2019
  • 11:08
Ontario introduces ORPP, PRPP legislation

Ontario introduces ORPP, PRPP legislation

The Government of Ontario has introduced legislation to create the Ontario Retirement Pension Plan and pooled registered pension plans.

  • By: Staff
  • December 8, 2014 September 13, 2019
  • 16:21
Quebec passes pension reform bill

Quebec passes pension reform bill

Quebec's National Assembly passed a bill into law on Thursday that will reform the province's municipal pensions.

  • By: Staff
  • December 5, 2014 September 13, 2019
  • 08:34
Alberta’s Employment Pension Plans Act encourages innovation in plan design

Alberta’s Employment Pension Plans Act encourages innovation in plan design

Alberta’s new Employment Pension Plans Act encourages innovation in plan design

Responsible investment and fiduciary duty

Responsible investment and fiduciary duty

Save your money, save the world? Pension funds, we are told, can be a force for social good, from promoting sustainable environmental practices, to punishing…

  • By: Mark Firman
  • November 19, 2014 September 13, 2019
  • 12:02