Mere hours before a non-confidence vote brought down his government, Finance Minister Jim Flaherty released final amendments to the Pension and Benefits Standards Regulations, 1985…
In the 1970s, a pension committee appointed to provide oversight for a DB plan might only have met once a year under a simple mandate,…
Buck Consultants has launched a new service—Buck Global Investment Advisors (BGIA)—designed to offer pension plan and endowment clients access to a broader range of fund…
Politics plays an important role in pension reform, and always has ever since Otto Von Bismarck introduced the first old age pension in 1889. Apparently…
A federal budget that attempted to balance the government’s determination to eliminate the deficit by 2015 and the need to attract opposition support offered little…
A Guaranteed Income Supplement (GIS) top-up of $50 a month for singles and $70 a month for couples and the elimination of the mandatory retirement…
Finance Minister Jim Flaherty has offered few clues as to what today’s budget will contain, but major spending isn’t expected. The budget will contain some…
Pooled registered pension plans (PRPPs) are coming, and many will say not a moment too soon given that only one in three private sector worker…
Recent reforms will be inadequate to cover higher pension costs in the future, despite increases in retirement ages in half of Organisation for Economic Co-operation…
Californians want public pension benefits to be restricted, said a Bloomberg report. According to a state-wide survey by Field Research Corp. and the University of…
The Public Service Alliance of Canada has appealed an October decision by the Ontario Court of Appeal which had dismissed the union’s case against the…
An overwhelming majority of Canadians say they want a program that makes it easier for employers to offer a pension plan, according to a Research…
Download the Pension and Benefits Legal Directory Over the last two decades, the pension and benefits industry has had its share of legal issues. Following…
Failure to select a custodial partner, with capabilities aligned with the current and future objectives of the fund, can result in a significant drain on…
Over the past decade, defined benefit (DB) pension investment has changed dramatically in nearly every way but one—plan governance still means trustees are responsible for…
After nearly five years of expert panels, white papers and public consultations there is a sense that the current wave of pension reform is winding…
A new survey conducted by Environics survey conducted for the Canadian Union of Public Employees shows that proposals to expand the Canada Pension Plan (CPP)…
The Office of the Superintendent of Financial Institutions (OSFI) has issued its Intervention Guide for Federally Regulated Private Pension Plans. This is the first time…
It has been a month since Canada’s finance ministers emerged from their Kananaskis, Alta. meeting and announced agreement on moving forward with the pooled registered…
The Canadian Labour Congress (CLC) is looking for the culprits that stymied the enhancements to the Canada Pension Plan (CPP). The CLC publicly announced that…
Plan sponsors looking to convert from a defined benefit (DB) pension plan to a defined contribution (DC) plan should review the Alberta Court of Appeal…
On the heels of recent high-profile pension insolvencies such as Nortel, a patchwork of confused and ill-conceived remedial legislation in 2010 is at various stages…
The Ontario government has changed its mind and now intends to give ex-Nortel employees the choice to opt out of a windup plan for their…
In the recent Burke v. Hudson’s Bay Co. decision, the Supreme Court of Canada (SCC) held that plan members who were transferred to a successor…
Finance Minister Jim Flaherty has announced that the provinces and federal government came to an agreement during yesterday’s meeting in Kananaskis, Alta., to move ahead…