Ontario’s new pension plan merger rules under new versions of section 80 (sale of business) and 81 (same employer mergers) of the Pension Benefits Act (PBA), and related regulations, will come into effect on Jan. 1, 2014. These new asset transfer rules require the Superintendent of Financial Services to consent to the transfer if the […]
The Professional Institute of the Public Service of Canada (PIPSC) says it deplores the repeal of New Brunswick's Public Service Superannuation Act (PSSA) and the introduction of a shared-risk pension plan (SRPP).
What we can learn from the Australian experience.
Illinois lawmakers have passed a pension reform bill intended to erase the state's US$100-billion ($106.6-billion) liability.
A United States bankruptcy judge has ruled that Detroit is eligible for credit protection and allowing the city to make cuts to its pensions.
The biggest public sector union on Prince Edward Island, the Union of Public Sector Employees, has filed a grievance in response to a controversial change in the province's new pension legislation. The change gives the province immunity from legal action.
The Association of Canadian Pension Management says a new funding model must be developed to preserve single-employer DB plans.
Michelin Canada will freeze its DB plan starting Jan. 1, 2016, and replace it with an enhanced DC plan.
Target benefit plans may be the answer to many problems facing pension plan design, according to a white paper.
Lawmakers in Illinois say they have reached a tentative agreement to fix the state's US$100-billion ($105.8-billion) unfunded pension liability.