The Association of Canadian Pension Management is calling on the Ontario government to consider amending the Employment Standards Act and the Pension Benefits Act to allow for auto-enrolment and auto-escalation features in capital accumulation plans. Specifically, it would like the government to allow employers to automatically deduct employee contributions from payroll to facilitate these features. […]
The first quarter of 2020 was rough for Ontarian defined benefit pension plans as they experienced the most significant quarterly decline in projected solvency ratios since December 2009, according to a new report by the Financial Services Regulatory Authority of Ontario. In particular, the median projected solvency declined to 85 per cent as of March […]
While the Canadian retirement industry has spent a lot of time focusing on the accumulation stage, the decumulation conversation is much further behind. For defined contribution pension plans, almost all jurisdictions across the country have now passed variable benefits legislation, including Ontario, which began allowing the option on Jan. 1, 2020. However, despite receiving legal […]
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More reforms just a Band-Aid solution for troubled DB plans.
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A warning to Canadians who think it can't happen here.
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