Major trends are reshaping Canada’s pension industry—from greater employer interest in sharing or off-loading pension risk to increased on de-risking.
Members of the National Assembly (MNAs) in Quebec will soon have to contribute more to their pensions.
Despite having been available for decades, target benefit plans will continue to be resisted by federally regulated employers unless a legal flaw is fixed, according to a report.
The Montreal Economic Institute is proposing that Quebec's municipalities should abandon DB plans and move to DC plans and that the retirement age be gradually indexed.
The Alberta Legislature has been prorogued, officially killing all government legislation, including two controversial pension reform bills.
A proposed collective agreement between the University of Toronto and employees who are members of United Steelworkers Local 1998 includes a plan to ensure pension sustainability.
The Government of Newfoundland and Labrador and unions have reached an agreement to make the Public Service Pension Plan sustainable.
United Steelworkers Local 1998 and the University of Toronto Faculty Association have entered into a co-operation agreement to assess options for the reform of the University of Toronto pension plan aimed at ensuring its long-term sustainability.
Alberta is moving forward with sweeping pension reforms in the new Employment Pension Plans Act and regulations, which come into effect on Sept. 1, 2014. Alberta’s new approach of providing comprehensive and specific rules for various types of pension plan designs is a welcome change from the one-size-fits-all model employed in many other Canadian jurisdictions.
Pension and retirement systems need to reformed rapidily at a global level to meet demographic challenges, according to a report from EY.