Latest news in Governance/legislation

Due diligence required before ending pension payments: OSFI

Due diligence required before ending pension payments: OSFI

Before stopping a payment of pension benefits to a retiree or survivor, the Office of the Superintendent of Financial Institutions says plan administrators are expected…

  • By: Staff
  • November 26, 2013 September 13, 2019
  • 16:23
Slight majority in favour of expanded CPP

Slight majority in favour of expanded CPP

A majority of Canadians are in favour of expanding the Canada Pension Plan, according to a poll.

  • By: Staff
  • November 26, 2013 September 13, 2019
  • 08:45
N.B. gets union support for pension reforms

N.B. gets union support for pension reforms

The Government of New Brunswick says it has substantial union support in tabling legislation to make the Public Service Superannuation Act more sustainable for plan…

  • By: Staff
  • November 19, 2013 September 13, 2019
  • 14:07
P.E.I. presses ahead with public pension reform

P.E.I. presses ahead with public pension reform

Prince Edward Island reaffirmed its plans to make changes to its public sector pensions in this week's throne speech.

  • By: Staff
  • November 14, 2013 September 13, 2019
  • 10:33

Why CPP expansion is inevitable

I am now going to publicly flip-flop and add my voice to calls for CPP expansion, which I now believe to be an inevitable development.

  • By: Greg Hurst
  • November 13, 2013 September 13, 2019
  • 12:48
Wynne says pensions need to be improved

Wynne says pensions need to be improved

Ontario Premier Kathleen Wynne warns that unless retirement incomes are improved, Canada will suffer the consequences.

  • By: Staff
  • November 13, 2013 September 13, 2019
  • 12:48
Teachers’, OMERS encouraged by Ontario economic statement

Teachers’, OMERS encouraged by Ontario economic statement

The Ontario Teachers' Pension Plan and OMERS are pleased with the Government of Ontario's decision to modernize investment rules for large pension plans.

  • By: Staff
  • November 11, 2013 September 13, 2019
  • 10:14
Ontario plans to improve retirement income system

Ontario plans to improve retirement income system

In its fall economic statement, the Government of Ontario said it would take steps to make the province's retirement income system better.

  • By: Staff
  • November 11, 2013 September 13, 2019
  • 10:12
Flaherty likes expanded CPP, but not now

Flaherty likes expanded CPP, but not now

Finance Minister Jim Flaherty supports an expanded Canada Pension Plan but not while the economy is still in recovery mode.

  • By: Staff
  • November 8, 2013 September 13, 2019
  • 10:09

CRFA concerned about possible CPP enhancements

The Canadian Restaurant and Foodservices Association says enhancements to the Canada Pension Plan are worrisome for labour-intensive restaurant employers and will increase the cost of…

  • By: Staff
  • November 4, 2013 September 13, 2019
  • 15:35
Finance ministers agree on CPP reform conditions

Finance ministers agree on CPP reform conditions

Provincial and territorial finance ministers reached an agreement on conditions to expand the Canada Pension Plan on Friday.

  • By: Staff
  • November 4, 2013 September 13, 2019
  • 10:52
Maximum pensionable earnings to rise in 2014

Maximum pensionable earnings to rise in 2014

The Canada Revenue Agency says the maximum pensionable earnings under the Canada Pension Plan (CPP) for 2014 will be $52,500, up from $51,100 in 2013.

  • By: Staff
  • November 1, 2013 September 13, 2019
  • 15:07
Ontario wants CPP to be enhanced

Ontario wants CPP to be enhanced

The Government of Ontario wants the Canada Pension Plan (CPP) to be improved and will set up its own plan if needed.

N.B. should slow pension reform: PIPSC

N.B. should slow pension reform: PIPSC

The Professional Institute of the Public Service of Canada (PIPSC) wants New Brunswick to slow down the current pension reform process.

  • By: Staff
  • October 31, 2013 September 13, 2019
  • 17:52
Public sector pension reform includes retirees

Public sector pension reform includes retirees

Reform of Canada’s public sector pension plans is no longer limited to active employees—increasingly governments are willing to address expensive components of retiree pensions as…

  • By: Jana Steele
  • October 22, 2013 September 13, 2019
  • 07:00

P.E.I. plans overhaul of public sector pensions

Prince Edward Island plans to make changes to its public sector pensions, including eliminating guaranteed cost-of-living adjustment increases.

  • By: Staff
  • October 17, 2013 September 13, 2019
  • 09:04
Ontario considers public pension plan: Reports

Ontario considers public pension plan: Reports

The Government of Ontario is considering a supplementary pension plan for the province's residents, according to newspaper reports.

  • By: Staff
  • October 16, 2013 September 13, 2019
  • 11:31
Quebec pension proposals are disappointing: Mercer

Quebec pension proposals are disappointing: Mercer

Recently, the Quebec Committee on Public Finance held consultations and offered proposals on the D’Amours report, a government-mandated study that examines Quebec’s retirement system and…

  • By: Staff
  • October 11, 2013 September 13, 2019
  • 14:18
P.E.I. pushes for CPP expansion

P.E.I. pushes for CPP expansion

Prince Edward Island is taking the lead in the case for Canada Pension Plan expansion.

Ottawa should reform OAS: Study

Ottawa should reform OAS: Study

Reforming old age security (OAS) by changing the income level at which seniors are eligible and reducing the amount clawed back from seniors still in…

  • By: Staff
  • October 1, 2013 September 13, 2019
  • 12:06
Detroit wants to freeze pension plans

Detroit wants to freeze pension plans

Detroit has proposed freezing the city’s two employee pension plans at the end of the year. Members of the General Retirement System and the Police…

  • By: Staff
  • September 27, 2013 September 13, 2019
  • 10:23
Pension legislation doesn’t always change slowly

Pension legislation doesn’t always change slowly

One of the general rules of statutory interpretation is that a statute or regulations only apply on a go-forward basis from the date of coming…

  • By: Ian Breneman
  • September 24, 2013 September 13, 2019
  • 11:35
N.L. pension reform required now, board of trade says

N.L. pension reform required now, board of trade says

The St. John’s Board of Trade wants the Government of Newfoundland and Labrador to take immediate action and a set clear timeline to implement pension…

  • By: Staff
  • September 23, 2013 September 13, 2019
  • 10:20
Standard Life receives licence to provide a federal PRPP

Standard Life receives licence to provide a federal PRPP

Standard Life been issued a licence to administer a federal pooled registered pension plan.

  • By: Staff
  • September 20, 2013 September 13, 2019
  • 12:01
Retooling pension custody for GST/HST reporting

Retooling pension custody for GST/HST reporting

In the closing paragraph of my last column, I stated that few pension custodians currently provide adequate recordkeeping for GST/HST purposes and made the promise…

  • By: Greg Hurst
  • September 20, 2013 September 13, 2019
  • 09:57