Money: Adults in retirement are less optimistic than younger groups about future economic growth, stock-market returns and long-term personal financial well-being, new research shows.
The Globe and Mail: Thirty-two Canadian companies have earned the distinction of being named an Employee Recommended Workplace in the first year of the awards developed by Morneau Shepell and The Globe and Mail.
On April 29, 2017, the Federal government posted draft regulations to amend the Pension Benefits Standards Regulations 1985 (the “PBSR”).
On March 28, 2017, the Alberta Treasury Board and Finance (the “regulator”) released a new draft of Interpretive Guideline #12 – Governance, Investment and Funding Policies (“IG-12”).
On April 27, 2017, Ontario released its 2017 Budget. The Budget includes a number of important announcements of future changes to Ontario pension legislation and regulation.
The evolution of the financial situation of pension plans since December 31, 2016
Under the heading “Helping Parents”, the 2017 Ontario Budget has introduced OHIP+: Children and Youth Pharmacare (OHIP+), proposing free prescription drug coverage for four million children and youth aged 24 and under in Ontario.
Every year, companies must establish an expense for their defined benefit pension plans.
On April 28, 2017, the Canadian Institute of Actuaries (CIA) issued the draft Task Force Report on Mortality Improvement.
A draft Regulation was published in the Gazette officielle du Québec on April 12, 2017 to amend some of the rules for Member-Funded Pension Plans (MFPP).