“What is your decision-making process, or do you even have one?” asked Patricia Tiralongo, vice-president with TD Asset Management Inc. at a recent pension fundamentals…
Suggesting that the past year has changed everything might strike some as an ironic understatement accompanied by pained glances at damaged portfolio balances. However, that…
Pension plan texts, both current and historical, are key documents governing employee and employer rights and obligations under a registered pension plan. As such, plan…
An Act to amend the Supplemental Pension Plans Act and other legislative provisions in order to reduce the effects of the financial crisis on plans…
In March 2009, the Federal Government enabled regulations under the Pension Benefits Standards Act (1985), or PBSA, allowing pension plan sponsors to offer phased retirement…
New chair of the CPPIB Robert M. Astley discusses the CPP’s long-term horizon, the board’s governance and investment policies, and the future retirement income security…
MEPP sponsors with quebec members may be in for a few surprises in light of the pension funding crisis. The current pension plan funding crisis…
The recession means that some employees and plan sponsors will need to adjust their retirement expectations. Will they just have to wait it out, or…
SNC-Lavalin focuses on plan participation and matching contributions to help employees reach their retirement goals, even in challenging markets. The employees at SNC-Lavalin have their…
McGill University wants its employees to think big picture—with their retirement savings and their total compensation. Pension plan sponsors have been left reeling after the…
In Quebec, how do pensioners and plan sponsors spell relief? R-É-G-I-E As a result of the 2008 market plunge and the ensuing recession, defined benefit…
Andrea Garson, vice-president of HR with Workopolis, discusses the Canadian job market and shares strategies for managing your workforce during tough times. How severely has…
When I worked in manager research, I kept two logs. The first log, which I no longer actively maintain, was comprised of the old business…
It’s never wise to carry all your eggs in one basket. The Canadian Retirement Income Security System seems to have grasped this truth and armed…
As anticipated, the 2009 Ontario Budget, entitled “Confronting the Challenge: Building Our Economic Future,” contained several measures directed at pension reform. The Budget indicates that…
As the dust begins to settle around the Bernie Madoff Ponzi scheme it has been revealed that among his list of high society clientele were…
With the recent cascade of solvency deficits, funding relief measures, and bankruptcy protection filings by pension plan sponsors, it is becoming difficult to remember the…
After emerging from the horrors of 2008, the folks at the Caisse de dépôt et placement du Québec were no doubt looking to 2009 with…
How fiduciary liability insurance can help Plan sponsors guard against future member litigation. The current economic turbulence, combined with increasing numbers of retirees, is creating…
The challenge of managing pension plans during an economic downturn requires employers and administrators to revisit their legal responsibilities. The global financial and economic pressures…
Temporary solvency funding relief constitutes the lion’s share of issues relevant to plan sponsors in Ontario’s new budget, and aside from a few minor surprises,…
Federal Minister of Finance Jim Flaherty has published regulations meant to provide optional temporary solvency funding relief for federally regulated defined benefit (DB) pension plans.…
While the majority of media coverage on pensions is currently focused on saving existing plans, it may come as a surprise to most Canadians that…
Severance planning is a strange dynamic for advisors, and it’s generally a negative and frustrating process for clients. For advisors, it creates a lump sum…
With no signs yet of the markets returning to health and retention issues still a concern, employers can find themselves between a rock and a…