In the provincial budget tabled yesterday, the Ontario government stated that it has several concerns with the federal model of pooled registered pension plans (PRPPs) as currently proposed, including the worry that PRPPs may simply replace one form of retirement coverage, rather than expanding retirement income savings.
Yesterday, the Quebec government tabled its 2012 budget, which included detailed provisions for the voluntary retirement savings plan (VRSP). The VRSP is Quebec’s version of the pooled registered pension plan (PRPP).
Although the risks and challenges are often the same, no matter the size of the plan, the solutions are ultimately different, says Steve Eadie, a partner and pension consultant with Robertson, Eadie & Associates.
The majority of Canadians lack retirement security and the federal government’s proposed pooled registered pension plan (PRPP) will do little to reduce risks for these individuals, according to a new study from the Institute for Research on Public Policy (IRPP).
Instead of advocating that public sector pensions be slashed as an emotional response to pension envy, small and medium-sized private sector businesses might more productively seek ways to achieve pension fairness by building their own retirement programs.
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.