It seems even the judiciary isn’t immune to efforts to rein in benefits plans, including post-retirement coverage. In a recent decision of Ontario’s Divisional Court, Justice Elizabeth Stewart granted a bid by the Association of Justices of the Peace of Ontario for a stay of certain benefits changes that were to take effect on April […]
Employers that fail to comply with the rules under the Ontario Retirement Pension Plan could face administrative monetary penalties of up to $10,000, according to new legislation introduced yesterday. The details came in Bill 186, a new piece of legislation setting out additional details on the ORPP introduced by Associate Finance Minister Mitzie Hunter yesterday. It […]
When it came to her workplace experience while undergoing cancer treatment, Lisa Redmond lived in what she admits was a “fairy-tale world.” Not only does she work for a large public employer, the Insurance Corp. of British Columbia, she’s its manager of pension and benefits. So she was in a good position to take advantage […]
Despite market volatility, Ontario’s defined benefit pension plans have reported a slight improvement in their financial position in recent years, according to the Financial Services Commission of Ontario. In its newly released 2015 report on the funding of 1,283 defined benefit pension plans, the regulator found “the funded position of pension plans improved slightly” in […]
What’s the going rate for high-ranking employees involved in pensions, benefits and human resources in Ontario’s public sector? Using the sunshine list for 2015, Benefits Canada compiled a list of top earners involved in pensions, benefits, human resources, compensation and total rewards who work in Ontario’s public sector. The sunshine list covers the Ontario government as well […]
Why should institutional investors take a second look at their investments in the fossil-fuel industry? And why should employers look at ways they can help new fathers take parental leave and manage care for their young children after they return to work? To paraphrase our new prime minister: Because it’s 2016. They’re separate issues but […]
New immuno-onocology treatments for cancer are showing a lot of promise, but many questions remain about their side-effects and how they can be applied in both a health-care setting and in the workplace, a conference heard this morning. Benefits Canada kicked off its 2016 Employers Cancer Care Summit in Toronto this morning with a panel discussion […]
It’s not in existence yet, but the Ontario Retirement Pension Plan is already coming under scrutiny from the auditor general. In this case, Bonnie Lysyk is taking the Ontario government to task over its recent ads for the new pension scheme. In her annual report in December, she noted concern about potential partisanship in the […]
The Association of Canadian Pension Management is welcoming today’s announcement of a one-year delay to the Ontario Retirement Pension Plan. “We welcome it,” says ACPM chief executive officer Bryan Hocking, calling it a “wise” move. “I think they’ve had enough input from a number of different organizations and companies that are all saying the same […]
The Portfolio Management Association of Canada is adding its voice to groups calling for a delay to the introduction of the Ontario Retirement Pension Plan. In submissions this week to Finance Minister Bill Morneau in advance of the upcoming federal budget, the association representing more than 220 investment management firms urged the federal government to […]