June 19, 2017 by Taylor Buckley in Alberta, British Columbia, English, Pensions and Benefits
  • Comments Off on BC AND ALBERTA PENSION PLAN ASSESSMENTS – DEADLINE APPROACHING

BC AND ALBERTA PENSION PLAN ASSESSMENTS – DEADLINE APPROACHING

As part of the enhanced governance requirements under British Columbia’s Pension Benefits Standard Act and Alberta’s Employment Pension Plans Act, pension plan administrators in Alberta and British Columbia are required to conduct an assessment their plan every three years. The deadline to complete the first assessment is December 31, 2017.

December

Read More →
May 19, 2017 by Mary Picard in English, Ontario, Pensions and Benefits
  • Comments Off on Interesting times for employers with Ontario pension plans

Interesting times for employers with Ontario pension plans

Yesterday the Ontario Deputy Superintendent of Pensions released a formal statement that included the comment:  “these are interesting times in the pension sector.”  How true.

Many long-anticipated improvements to Ontario pension legislation, regulation and policies are finally coming into force.  The pension regulator will have more specific, helpful powers to target

Read More →
May 03, 2017 by Heather Di Dio in English, Ontario, Pensions and Benefits
  • Comments Off on 2017 Ontario Budget: Highlights for Pension Plan Sponsors and Administrators

2017 Ontario Budget: Highlights for Pension Plan Sponsors and Administrators

Pension plan sponsors and administrators have much to anticipate with the release of the 2017 Ontario Budget: A Stronger, Healthier Ontario (Budget) on April 27, 2017.  The Budget provides updates to several pension reform initiatives that many stakeholders have been waiting for, as well as new proposals aimed at benefiting

Read More →
April 26, 2017 by Mary Picard in English, Ontario, Pensions and Benefits
  • Comments Off on Changes to the Canada Pension Plan: a field guide for Ontario employers

Changes to the Canada Pension Plan: a field guide for Ontario employers

Are you an employer who is uncertain about what you should be doing to prepare for the changes to the Canada Pension Plan (CPP)?  This guide will help you.

The changes were announced by the federal government a year ago, and formal rules became law at the end of 2016.  Unlike

Read More →
February 17, 2017 by Mary Picard in English, Ontario, Pensions and Benefits
  • Comments Off on Who is a “parent” in the Ontario pension world? And why does it matter?

Who is a “parent” in the Ontario pension world? And why does it matter?

Any person who is the “spouse” of a member of a registered pension plan in Canada has rights regarding the pension entitlement of his or her partner. That important policy has been entrenched in pension legislation for decades.  Exactly who is a “spouse”?  The answer to that question has recently

Read More →
November 28, 2016 by Mary Picard in English, Ontario, Pensions and Benefits
  • Comments Off on Ontario regulatory form regarding pension plan contributions: comply!

Ontario regulatory form regarding pension plan contributions: comply!

Trustees and administrators of Ontario registered pension plans: beware of Form 7.

That’s the form that administrators of registered pension plans must complete, and send to their pension fund trustees, that summarizes the estimated employer and employee contributions that will be due to be made to the pension plans in future.

Read More →
November 24, 2016 by Claude Marchessault in Pensions and Benefits
  • Comments Off on Witness the Creation of Ontario’s Modern Pension Regulator

Witness the Creation of Ontario’s Modern Pension Regulator

To remain relevant and effective, industry regulators need to stay current. They must be attentive to economic realities, adapt to new technology and evolve with the industries they regulate. Ontario’s pension regulator is overdue for a major overhaul that will bring it into the 21st century.

Ontario’s Fall 2016 Economic Statement

Read More →
November 18, 2016 by Scott Sweatman in Pensions and Benefits
  • Comments Off on Environmental, Social and Governance Factors: Should Pension Plan Administrators Look to Rating Agencies for Links Between ESG and Credit Worthiness of Target Investments?

Environmental, Social and Governance Factors: Should Pension Plan Administrators Look to Rating Agencies for Links Between ESG and Credit Worthiness of Target Investments?

In my August 17, 2016 post (found here), I summarized Ontario’s recent changes to the Pension Benefits Act and Regulation that require a pension plan’s statement of investment policies and procedures (“SIPP”) to include information as to whether environmental, social and governance (“ESG”) factors are incorporated into the plan’s

Read More →
November 14, 2016 by Mary Picard in Pensions and Benefits
  • Comments Off on Ontario Pension Advisory Committees

Ontario Pension Advisory Committees

If you are involved with the administration of an Ontario registered pension plan, you should familiarize yourself with new Ontario rules regarding pension advisory committees. The new rules will be effective January 1, 2017.  They give significant additional rights to plan members, and could impose extra costs and administrative burdens

Read More →
October 31, 2016 by Heather Di Dio in Pensions and Benefits
  • Comments Off on Target Benefit Plans: A New Proposed Plan Design Option for Federally-Regulated Employers

Target Benefit Plans: A New Proposed Plan Design Option for Federally-Regulated Employers

On October 19, 2016, the federal government introduced Bill C-27 which, if passed, will permit federally-regulated employers to establish single-employer and multi-employer target benefit plans.  The bill proposes to amend the Pension Benefits Standards Act, 1985 to add target benefit plans as an alternative to the traditional defined benefit

Read More →