As at July 31, 2012 - Impact on pension expense under international accounting

Aug 1, 2012

Every year, companies must establish an expense for their defined benefit pension plans.

Ontario’s proposed letters of credit regulations

Aug 1, 2012

On July 30, 2012, the Ontario Ministry of Finance released a summary of the proposed regulations for letters of credit (LOCs) applicable to pension plans.

OSFI instruction guide: Authorization of amendments reducing benefits in defined benefit pension

Aug 1, 2012

In July 2012, the Office of the Superintendant of Financial Institutions (OSFI) adopted and published an Instruction Guide setting out factors and specific requirements that OSFI considers when reviewing an application seeking the Superintendent’s...

Update: Ontario multi-employer plan solvency relief

Aug 1, 2012

Effective July 20, 2012, the Ontario Government has again extended temporary solvency funding relief for Specified Ontario Multi-Employer Pension Plans (SOMEPPs).

Proposed regulations for the PRPP Act

Aug 1, 2012

On July 25, 2012, the federal government published proposed regulations for the Pooled Registered Pension Plans Act (PRPP).

CAPSA releases draft DC pension plans guideline

Aug 1, 2012

On July 13, 2012, the Canadian Association of Pension Supervisory Authorities (CAPSA) released a draft Defined Contribution Pension Plans Guideline (the “Draft Guideline”) for comment.

As at July 31, 2012 - Tracking the funded status of pension plans

Aug 1, 2012

This graph shows the changes in the financial position of a typical defined benefit plan since December 31, 2007.

Update: Ontario valuation report filing deadline extended

Jul 19, 2012

The Ontario Government has issued a regulation extending the deadline for submitting a valuation report to December 31, 2012.

Update: Quebec temporary relief measures for private sector pension plans

Jul 19, 2012

The Regulation providing temporary relief measures for the funding of solvency deficiencies was released on May 30, 2012. It came into force on June 14, 2012, and has effect retroactively to December 31, 2011.