On December 15, 2011, Bill C-13 received Royal Assent.
Every year, companies must establish an expense for their defined benefit pension plans.
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.
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...
Effective July 20, 2012, the Ontario Government has again extended temporary solvency funding relief for Specified Ontario Multi-Employer Pension Plans (SOMEPPs).
On July 25, 2012, the federal government published proposed regulations for the Pooled Registered Pension Plans Act (PRPP).
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.
This graph shows the changes in the financial position of a typical defined benefit plan since December 31, 2007.
The Ontario Government has issued a regulation extending the deadline for submitting a valuation report to December 31, 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.