Ottawa needs to change federal tax rules so that they accommodate single-employer target benefit plans, according to a C.D. Howe Institute report.
Are target-benefit plans (TBPs) a cost-effective and risk-reducing alternative for pension plan sponsors versus traditional DB plan and DC plans? And, as importantly, are we seeing an uptake in these plans across the country?
In our last post, we looked at two of the myths surrounding target benefit plans (TBPs). This time, we look at myths involving unions’ opposition to TBPs and the DB "guarantee."
Before getting started on the myths, it’s important to understand what target benefit plans (TBPs) are and how they differ from (but also share) the attributes of DB and DC plans.
Despite having been available for decades, target benefit plans will continue to be resisted by federally regulated employers unless a legal flaw is fixed, according to a report.
The Association of Canadian Pension Management has released a paper that provides recommendations for a framework to facilitate the conversion from traditional private sector DB plans to target benefit plans.
Target benefit plans have been making significant inroads in the public sector of late, more so than most of us realize.
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.