Search Results for “nortel” – Benefits Canada.com

Editorial: Weighing the benefits of participation in a multi-employer pension plan

Jennifer Paterson — Fri, 13 Oct 2023 12:59:45 +0000

Whether it’s in the magazine, on the website or at our various defined contribution pension plan events, Benefits Canada is regularly writing about how DC plans are evolving. The pension industry has come a very long way in the last few decades. When my parents began their working lives in the early 1970s, they both had defined […]

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Editorial: Can the industry move beyond the complexity of pensions?

Jennifer Paterson — Fri, 14 Apr 2023 13:00:16 +0000

What’s in a name? A pension by any other name would smell as sweet — or would it? I started writing this month’s Pension Feature as an exercise to sift through some of the terms used by the pension industry to describe the different types of plans, but also to answer the question: Does the […]

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Head to head: Will the government’s super-priority bill spell the end of DB pension plans?

Jennifer Paterson — Fri, 14 Apr 2023 12:59:58 +0000

The bill is a divisive one, with the pension industry concerned about the future of corporate-sponsored defined benefit pension plans and an association representing plan members firmly in its favour. Todd Saulnier, board president, the Association of Canadian Pension Management While Bill C-228 on its own may not spell the end of all DB plans, […]

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Frederic Simard

lrandall — Fri, 04 Mar 2022 15:59:54 +0000

OVERVIEW AGENDA SPEAKERS POST EVENT COVERAGE DIGITAL BINDER PDF PRESENTATIONS Speaker Frederic Simard, co-founder, chief of product and strategy, MedHelper As MedHelper co-founder, Frederic Simard leads the organization’s product and strategy. He is responsible for driving the company’s strategy, building the business and customer target operating model. He was a former executive at TELUS Health […]

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FSRA opens consultation on proposed pension benefits guarantee fund guidance

Jennifer Paterson — Thu, 17 Feb 2022 14:00:40 +0000

The Financial Services Regulatory Authority of Ontario is consulting on proposed pension benefits guarantee fund assessment deadlines and calculations guidance, which is designed to assist plan administrators in maintaining compliance with the Pension Benefits Act. The proposed guidance includes: that the deadline for paying the assessment is nine months after the fiscal year end, whether the pension plan […]

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NL Supreme Court rules for pension member super-priority for normal costs in bankruptcies

Gideon Scanlon — Thu, 19 Aug 2021 15:30:58 +0000

Pension plan members have super-priority when it comes to normal costs but not to special costs owed to bankrupted plans, the Supreme Court of Newfoundland and Labrador finds in a recent ruling. In the case, Anthony Capital Corporation (Re), between the trustees of the defunct Anthony Capital Corp.’s executive pension plan and representatives for the […]

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Six employees discuss their personal roads to retirement

ANNA CAMPION — Fri, 19 Mar 2021 04:57:15 +0000

While 65 has long been considered the traditional retirement age, younger employees face the possibility of working longer. Plan sponsors can learn much from the unique financial journeys taken by different generations toward their eventual golden years. A 2019 Scotiabank investment poll revealed that 68 per cent of Canadians are currently saving for retirement, but […]

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Miners’ union seeking court guarantee for Dominion Diamond to meet pension obligations

mschmit — Mon, 11 May 2020 05:00:15 +0000

The union representing 400 Dominion Diamond Mines employees is attempting to guarantee that the company honours its multi-million dollar pension shortfall as it goes through a court-ordered creditor protection process. If the shortfall isn’t prioritized, the Union of Northern Workers said it’s concerned that active members and pensioners would all face reduced pensions. “How much […]

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CARP sets out wish list for DB pension protections in 2020 budget submission

mschmit — Thu, 30 Jan 2020 05:00:19 +0000

CARP is highlighting the need for further protections for defined benefit pensions in its 2020 Ontario budget priorities. The submission noted CARP, formerly the Canadian Association of Retired Persons, supports the steps taken by the Financial Services Regulatory Authority of Ontario and the provincial government to bolster innovation in DB plan design, as well as reducing red […]

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Nortel pensioners lose $200M refund battle with Ontario’s PBGF

mschmit — Thu, 09 Jan 2020 05:00:12 +0000

Ontario’s pension benefits guarantee fund has successfully reclaimed some $200 million from monies allocated to pensioners in Nortel Networks Corp. bankruptcy proceedings. The silver lining for pensioners is that the decision by the Financial Services Tribunal finally puts an end to the uncertainty they’ve experienced since their benefits were cut off in 2010. “It would have […]

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