New draft regulations published in Quebec this summer address policies around annuity purchases for defined benefit pension plans for the first time. Industry stakeholders have been expecting the province’s regulations, which are currently under consultation, since Jan. 1, 2016, when Quebec implemented legislative changes that replaced its solvency regime with enhanced going-concern funding rules and required […]
In the last few weeks, employees — both current and former — of troubled retailer Sears Canada Inc. have had plenty to worry about after the company announced plans to restructure and then asked for relief from fulfilling its retiree benefits obligations and making special payments to its pension plan as it cut off severance payments to […]
As Canada looks to legalize marijuana next year, many employers are still unsure about how to prepare for what happens when the legislation takes effect, according to a recent study by the Human Resources Professionals Association. In a recent survey of its members, it found 45 per cent of respondents don’t believe their workplace policies adequately address […]
A group of North American insurance associations is warning against any changes to the North American Free Trade Agreement that would endanger the benefits reaped from the treaty. “For insurers, NAFTA provided for the removal of ownership restrictions, allowing established companies to compete in each other’s markets based on customer service and reputation, not national origin,” […]