With the federal government introducing pooled registered pension plans, the future of pensions is top of mind for plan sponsors, providers and each of the provinces. Where is pension reform at across Canada?
With the federal government introducing pooled registered pension plans (PRPPs), the future of pensions is top of mind for plan sponsors and providers. We asked these five experts from a range of stakeholder groups to share their views on pension issues and the direction that future reform should take: Eric Filion, vice-president, product development and […]
Fixing rich, underfunded MP pensions is a key step in pension reform, according to a report released today by the C.D. Howe Institute.
Saskatchewan is known as Canada’s breadbasket, for its ability to consistently produce quality grain. But given that many in the industry have begun paying attention to what’s behind the Saskatchewan Pension Plan’s (SPP) 25 years of steady and reliable growth, the province may also one day be known as the root of Canada’s pension reform.
A group of pension experts, including a former chief actuary of the Canada Pension Plan, is calling on Canada's finance ministers to commit to expanding the CPP.
The federal government recently released Bill C-25, the Pooled Registered Pension Plans Act. This draft legislation is receiving praise for helping to close the pension gap—the gap between the level of income Canadians will have when they retire versus what they need or want to have. However, it is questionable how effective pooled registered pension plans (PRPPs) will actually be in closing this gap.
The federal government this morning introduced the much-anticipated Pooled Registered Pension Plans (PRPP) Act to address concerns over declining pension coverage for Canadians.
Like most western countries, the level of pension savings in Canada is a major issue for the government, and increased life longevity is driving concerns about how Canada can provide for its senior citizens in the future.
Last December, I wrote an op/ed article in the Financial Post asking CPP expansionists to “Dial down the rhetoric on pensions” (FP Comment, Dec. 22, 2010). In this article, I call upon the Canadian Federation of Independent Business (CFIB) to do the same. The CFIB has recently launched an aggressive attack on public sector pensions. […]
The Institute for Research on Public Policy recently published a paper by economist Keith Horner entitled A New Pension Plan for Canadians: Assessing the Options, in which he concludes Canadians would be better served by proposals to expand the CPP, which delivers DB pensions, over other options such as the pooled registered pension plan (PRPP) […]