The U.S. Financial Accounting Standards Board (FASB) has issued Accounting Standards Update No. 2011-09, Compensation—Retirement Benefits—Multiemployer Plans (Subtopic 715-80): Disclosures about an Employer’s Participation in a Multiemployer Plan. The update is intended to guide employers in providing more information about their financial obligations to multiemployer pension plans (MEPPs). MEPPs are commonly used by an employer […]
Currently, only four out of every 10 Canadians are covered by a pension plan other than CPP or QPP. Employers often don’t like DB plans because they’re too risky. Employees will take anything they can get but would normally prefer DB plans. How do we resolve this conflict and increase pension plan coverage in Canada? […]