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Copyright_Mikhail Tsikhanovich_123RF

The Association of Canadian Pension Management is urging the Ontario government to ensure its proposed amendment to the Succession Law Reform Act doesn’t introduce unintended confusion or ambiguities that would make it challenging for pension plan sponsors, administrators and trustees to carry out their duties. In an open letter, the ACPM said the language of the […]

  • By: Staff
  • August 7, 2024 August 7, 2024
  • 15:00
26825513

The Ontario government’s new funding framework for target-benefit plans will provide more flexibility for plan administrators and boards, says Domenic Barbiero, principal at Eckler Ltd. The proposed framework requires trustees to establish a number of policies, including funding, benefits, communications and overall governance. “This proposal is the second iteration of a proposal from the Ministry […]

A British Columbia court has dismissed an appeal of a Supreme Court of B.C. decision that upheld the B.C. Credit Union Employers’ Pension Plan’s choice to increase its normal retirement date to age 65 from age 62. In its decision, the court found the appeal — brought by a group of plan members — alleged […]

  • By: Staff
  • March 21, 2023 March 20, 2023
  • 09:00
Copyright_millenius_123RF

Four of British Columbia’s public sector pension plans are educating trustees with a new plan-specific curriculum. The curriculum — a collaboration between the College Pension Plan, the Municipal Pension Plan, the Public Service Pension Plan and the Teachers’ Pension Plan — was developed in response to a lack of plan-specific information provided in external education […]

Copyright_dmitrydemidovich_123RF

A ruling by the Supreme Court of British Columbia on the B.C. Credit Union Employers’ Pension Plan’s normal retirement date was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. B.C. court upholds pension plan’s decision to increase retirement age 2. Ontario NDP platform includes dental […]

  • By: Staff
  • April 29, 2022 April 28, 2022
  • 09:00

The Supreme Court of British Columbia has upheld the B.C. Credit Union Employers’ Pension Plan’s decision to increase its normal retirement date to age 65 from age 62. The 2016 decision — which was made by trustees to maintain the plan’s financial viability — was being challenged by a group of plan members who alleged […]

  • By: Staff
  • April 26, 2022 April 25, 2022
  • 09:00
NL’s College of Physicians and Surgeons latest employer to join DBplus pension

The government of Newfoundland and Labrador is amending funding rules for the province’s multi-employer pension plans. The amendments include a permanent exemption from solvency funding requirements for MEPPs, retroactive to Dec. 31, 2020, when the previous temporary exemption ended. In addition, going-concern unfunded liabilities must now be funded over 10 years instead of the previous […]

How Much Are You Paying Your Asset Manager?

New study shows UK trustees lack clarity on investment fees and costs – what about Canada?

  • March 23, 2017 September 13, 2019
  • 13:11