The Ontario government's pension plan falls well short of the universal, DB retirement security Ontarians need, and are being used as a smokescreen for more dangerous legislation, says the Canadian Union of Public Employees.
The Government of Ontario has introduced legislation to create the Ontario Retirement Pension Plan and pooled registered pension plans.
Low growth, low interest rates and low returns on investments linked to the slow global economy are now compounding the problems of population ageing for both public and private pension systems, says an Organisation for Economic Co-operation and Development report.
Quebec's National Assembly passed a bill into law on Thursday that will reform the province's municipal pensions.
Before getting started on the myths, it’s important to understand what target benefit plans (TBPs) are and how they differ from (but also share) the attributes of DB and DC plans.
At the best of times, making changes to a DB pension plan is a task, as sponsors try to balance business constraints with funding and risk concerns. But throw a union into the mix and the process becomes even more difficult.
Municipal workers across Quebec took part in a one-day strike to protest the provincial government's pension reforms.
Regina's city council voted unanimously in favour of a proposal to eliminate the Civic Pension Plan's deficit on Monday.
The Government of Ontario is asking both employers and employees for feedback on the proposed Ontario Retirement Pension Plan.
The City of Regina and the Pension & Benefits Committee, which represents 21 employee groups, say a negotiated agreement has been reached on the sustainability of the Civic Pension Plan.