Bill C-25, the Pooled Registered Pension Plans Act, received Royal Assent yesterday, moving the legislation another step closer to becoming law. Federal tax legislation still…
Since its creation by the provincial government in 2006, the Nova Scotia Pension Agency (NSPA) (No. 21 in the 2012 Top 100 Pension Funds Report)…
Contribution requirements for many DB pension plans are being driven by the plans’ solvency position. The financial crisis of 2008 and early 2009, along with…
As of July 1, 2012, the maximum basic OAS pension benefit paid to people 65 years of age and older will increase by 0.9% to…
CARP appears to be getting little industry support in its resistance to the federal government’s raising OAS eligibility from age 65 to age 67.
The Quebec government’s new regulation regarding temporary solvency relief measures for DB pension plans comes into effect today.
Canada's Pooled Registered Pension Plans Act was passed by the House of Commons yesterday.
The Financial Services Commission of Ontario (FSCO) has published its first administrative position concerning one of the recent amendments to the Pension Benefits Act of…
Here’s a twist. In a trend completely at odds with the rest of the world, France has made a move to lower its retirement age…
The Financial Services Commission of Ontario (FSCO) has announced changes to the new Pension Benefits Act grow-in rules, providing an opt-out provision for jointly sponsored…
It seems the idea of expanding the Canada Pension Plan doesn’t die easily. The NDP hasn’t let it go, nor has the Ontario government who,…
British Columbia's pension reform is another step closer to reality. The province's bill 38, the Pension Benefits Standards Act (PBSA), was introduced on April 30,…
CARP appears to be getting little industry support in its resistance to the federal government’s raising OAS eligibility from age 65 to age 67.
One of the more significant changes contained in the reform of Ontario’s pension system is the elimination, effective July 1, 2012, of partial windups. This…
The pooled registered pension plan (PRPP) announced by the federal government last year is the first step in the reforms needed to extend pension coverage…
The European Commission is on the cusp of endorsing the revised International Accounting Standard (IAS 19) for use by Europe-listed companies, but the effects on…
The Canadian Association of Retired Persons (CARP) is leading the pushback efforts against the federal government’s decision to raise the OAS eligibility age from 65…
On April 30, 2012, the B.C. government introduced Bill 38, the Pension Benefits Standards Act (PBSA). The bill is the long-awaited result (for B.C.) of…
Quebec’s Superior Court has stated that Ontario’s recent Indalex ruling does not apply in Quebec. The Re Indalex Limited case found that, in some cases,…
Countries around the globe have been making changes to their pension legislation in recent months, as they attempt to balance aging populations, increasing longevity and…
On April 30, the Ontario government released a draft regulation to amend Ontario Regulation 909—the Pension Benefits Act (PBA) General Regulation—and a consultation document seeking…
The Ontario government has released a draft regulation to the Pension Benefits Act—amending Regulation 909 (General)—for comment by June 1, 2012.
British Columbia has introduced legislation that it says will enable employers to offer a wider choice of pension plan options.
One of the touted benefits of pooled registered pension plans (PRPPs) is that they involve an off-loading of fiduciary duty. The employer just has to…
Canadian regulators are seeking to protect institutional investors from unfair pricing by implementing new restrictions around so-called dark pools. Dark pools can limit the impact…