Latest news in Governance/legislation

Time to move from DB vs. DC to the middle

Time to move from DB vs. DC to the middle

There is increasing awareness of the need to move beyond the DB versus DC debate to include a middle-ground option that incorporates some of the…

  • By: Staff
  • July 10, 2014 September 13, 2019
  • 09:53
Morneau Shepell receives approval for VRSPs

Morneau Shepell receives approval for VRSPs

Morneau Shepell Asset & Risk Management, a wholly owned subsidiary of Morneau Shepell, has received approval from the Autorité des marchés financiers to administer a…

  • By: Staff
  • July 4, 2014 September 13, 2019
  • 12:13
Retirees sue New Brunswick over changes to pensions

Retirees sue New Brunswick over changes to pensions

New Brunswick is being sued by a group of retirees after the province made changes to the public sector pension plan.

  • By: Staff
  • July 3, 2014 September 13, 2019
  • 10:54
Freezing your DB plan: What to consider

Freezing your DB plan: What to consider

Freezing a DB plan can also mean more complex governance. What do plan sponsors need to know?

Federal government completes public TBP consultations

Federal government completes public TBP consultations

The federal government has concluded its public consultations on establishing a federal framework for target benefit plans and will use the input to draft legislation.

  • By: Staff
  • June 26, 2014 September 13, 2019
  • 10:40
Quebec introduces bill to reform municipal pensions

Quebec introduces bill to reform municipal pensions

The Government of Quebec says the province's municipal pensions are underfunded by $3.9 billion and has introduced a bill to try to fix the problem.

  • By: Staff
  • June 16, 2014 September 13, 2019
  • 11:53
Standard Life launches tool for group retirement sponsors

Standard Life launches tool for group retirement sponsors

Standard Life has launched a new reporting tool developed to enhance information delivery capabilities for sponsors of group pension plans and their advisors.

  • By: Staff
  • June 13, 2014 September 13, 2019
  • 13:52
Wynne-win for Ontario pension plan supporters

Wynne-win for Ontario pension plan supporters

Ontario Premier Kathleen Wynne plans to re-introduce last month's budget within 20 days after voters gave her a majority mandate on Thursday night.

  • By: Staff
  • June 13, 2014 September 13, 2019
  • 11:26
No cost certainty with CAPs

No cost certainty with CAPs

Plan sponsors that think moving from DB to DC would provide them with cost certainty may be mistaken.

B.C. legislation creates challenges for benefits administration

B.C. legislation creates challenges for benefits administration

Not long ago Canadian pension blogs were ringing the death knell and warning plan administrators about the collapse of the “spouse-in-the-house” rule arising from the…

Germany to lower retirement age for some

Germany to lower retirement age for some

The German government has passed a bill allowing some workers to retire and collect a full state pension at 63.

  • By: Staff
  • May 23, 2014 September 13, 2019
  • 10:21
Alberta pension reforms put on hold

Alberta pension reforms put on hold

The Government of Alberta has put two pieces of pension reform legislation on hold for the time being.

  • By: Staff
  • May 9, 2014 September 13, 2019
  • 16:04
Some see flaws in target benefit design

Some see flaws in target benefit design

Target benefit plans (TBPs)—pension arrangements where the risk is shared between the employer and employees—are attracting more and more attention. But despite this model’s appeal,…

Auditor general says public service pensions pose significant risk

Auditor general says public service pensions pose significant risk

Canada's auditor general warns that prolonged low interest rates, lower-than-expected returns on assets, and increasing longevity could have a significant impact on public sector pension…

  • By: Staff
  • May 6, 2014 September 13, 2019
  • 14:50
Details about Ontario Retirement Pension Plan revealed

Details about Ontario Retirement Pension Plan revealed

The Government of Ontario is moving forward with a new mandatory provincial pension plan, the Ontario Retirement Pension Plan (ORPP).

  • By: Staff
  • May 1, 2014 September 13, 2019
  • 16:20
Ontario pension plan expected to be announced in budget

Ontario pension plan expected to be announced in budget

The Government of Ontario will release its budget on Thursday afternoon, and details of the province’s pension plan are likely to be part of it.

  • By: Staff
  • May 1, 2014 September 13, 2019
  • 10:40
Ontario proposes changes to pension regulations

Ontario proposes changes to pension regulations

Last week, the Government of Ontario released four proposals in respect of proposed amendments to Regulation 909 under the Pension Benefits Act and is seeking…

  • By: Staff
  • April 29, 2014 September 13, 2019
  • 17:00

Ottawa calls for target benefit plans

The federal government has unveiled a proposal for target benefit plans, pension programs that share the risk between employers and employees.

Alberta introduces pension reform legislation

Alberta introduces pension reform legislation

The Government of Alberta has introduced a bill to reform the province's public sector pension plans.

  • By: Staff
  • April 17, 2014 September 13, 2019
  • 09:51
N.B. MLAs to adopt shared-risk pension model

N.B. MLAs to adopt shared-risk pension model

The Government of New Brunswick introduced legislation on Wednesday to move members of the legislative assembly (MLA) to a shared-risk pension plan.

  • By: Staff
  • March 27, 2014 September 13, 2019
  • 09:59
U.S. government securities exempted by Ontario’s 10% rule

U.S. government securities exempted by Ontario’s 10% rule

Ontario has exempted American government securities from the pension law 10% diversification limit, according to a Pension Alert from Borden Ladner Gervais.

  • By: Staff
  • March 17, 2014 September 13, 2019
  • 10:29
Toward a new Canadian retirement system

Toward a new Canadian retirement system

The Canadian retirement system is unproductive and inefficient, but how do we tame this administrative beast without toppling the entire system? Taming it requires simplicity,…

  • March 13, 2014 September 13, 2019
  • 10:32
Alberta scales back changes to public sector pensions

Alberta scales back changes to public sector pensions

The Government of Alberta will scale back some of its proposed changes to public sector pension plans announced in September.

  • By: Staff
  • February 27, 2014 September 13, 2019
  • 10:04
Rhode Island, unions reach pension settlement

Rhode Island, unions reach pension settlement

The Rhode Island government and attorneys representing public employee unions and retiree coalitions challenging changes to the state's pension system have reached a settlement agreement…

  • By: Staff
  • February 18, 2014 September 13, 2019
  • 11:04
Ontario proposes amendment to 10% rule

Ontario proposes amendment to 10% rule

The Government of Ontario has proposed a regulatory amendment that would modify one of the quantitative investment limits that apply to registered pension plans in…

  • By: Staff
  • February 7, 2014 September 13, 2019
  • 14:40