Regina's mayor is calling for representatives from the employees' groups within the Civic Employees' Pension Plan to return to the negotiating table.
Without question, workplace pension plans, particularly the traditional DB plan, serve many important purposes in modern society. Employer planning and retention considerations, employee retirement security concerns and government socio-economic concerns all support the maintenance of a widespread robust workplace pension plan regime.
The Government of Ontario is moving ahead with its mandatory provincial pension plan, the Ontario Retirement Pension Plan (ORPP), after the provincial budget received royal assent last week.
Ontario has been pushing the federal government and other provinces to expand the Canada Pension Plan (CPP) as a way of dealing with, in its view, a massive failure by Ontarians (and, by extension, Canadians) to prepare financially for retirement. Ottawa opposes CPP expansion because enhancements are viewed as “risky,” job destructive and discouraging business expansion.
On Tuesday, Alberta's Employment Pension Plans Regulation was passed by cabinet.
The Government of Ontario has reintroduced its budget that includes the proposed Ontario Retirement Pension Plan.
How many regulators does it take to ensure that Canadian employment pensions are prudently funded and properly administered? Answer: 11—one to actually regulate pensions and 10 to fulfill the twin constitutional attributes of exclusive jurisdiction and regulatory inefficiency.
There is increasing awareness of the need to move beyond the DB versus DC debate to include a middle-ground option that incorporates some of the positive attributes of both designs, according to a report.
The president of the Canadian Labour Congress has spoken out against the federal government's proposal to introduce target benefit plans.
The federal government has concluded its public consultations on establishing a federal framework for target benefit plans and will use the input to draft legislation.