There’s a growing pessimism settling over the Canadian pension landscape, according to a recent survey by Towers Watson.
Back in December, the federal government eliminated the last vestiges of mandatory retirement in Canada. It did this by repealing the sections of the Canadian Human Rights Act and the Canada Labour Code that allowed employers to force their employees to retire at a certain age—that age being 65, in most cases.
Prime Minister Stephen Harper put pensions on the front page with his announcement on Jan. 23, 2012, that the federal government is considering reducing the costs of the Guaranteed Income Supplement (GIS) and Old Age Security (OAS).
On Feb. 15, 2012, the Commission on the Reform of Ontario’s Public Services released its report. Chaired by noted economist Don Drummond, and announced in the March 2011 Ontario budget, the commission was given a mandate to review Ontario government spending. A key motivator for creating the commission is the province’s worsening fiscal position. With […]
The National Pensioners and Senior Citizens Federation (NPSCF) has taken to Ottawa today to lobby Members of Parliament for better pension coverage and support for seniors, saying that Canada’s retirement security is “under attack.”
With the federal government introducing pooled registered pension plans, the future of pensions is top of mind for plan sponsors, providers and each of the provinces. Where is pension reform at across Canada?
Dec. 2, 2010 P.E.I. government introduces Bill 30, Pension Benefits Act, the province’s proposed provincial pension standards legislation. Jessica Bullock is in the pension and employee benefits group with Blake, Cassels & Graydon LLP.
Mar. 17, 2011 Quebec Government tables 2011 Quebec Budget and announces proposal to implement voluntary retirement savings plans (VRSPs). Further details respecting VRSPs are set out in document entitled A Stronger Retirement Income System. Nov. 30, 2011 Quebec government directs the Régie des rentes du Quebec to establish an independent expert committee to study DB […]
Nov. 14, 2008 Alberta/British Columbia Joint Expert Panel on Pension Standards releases its final report. Jessica Bullock is in the pension and employee benefits group with Blake, Cassels & Graydon LLP.
Nov. 14, 2008 Alberta/British Columbia Joint Expert Panel on Pension Standards releases its final report. Jessica Bullock is in the pension and employee benefits group with Blake, Cassels & Graydon LLP.