Benefits and Pensions Monitor News: Revised approaches to select an appropriate discount rate to value benefit plan liabilities in their financial statements will be less dependent on the breadth of the Canadian high quality corporate bond market...
Financial Post: When figuring out your retirement puzzle, framing the question in terms of results is more likely to produce a solution that meets your needs.
Benefits and Pensions Monitor News: The influx of new drugs entering the market year after year is clearly putting considerable upward pressure on health plan costs.
The evolution of the financial situation of pension plans since December 31, 2015
Every year, companies must establish an expense for their defined benefit pension plans.
Accounting standards require that corporations report in their financial statements the cost and value of their employee benefit programs, including pension plans, based on discount rates that reflect current yields on high quality corporate bonds.
The influx of new drugs entering the market year after year is clearly putting considerable upward pressure on health plan costs. A new approach can help manage those costs.
On December 19, 2016, Manitoba amended its regulations to permit Manitoba-registered pension plans with a defined benefit (DB) component to extend the regular solvency amortization period from 5 to 10 years.
The Alberta government has completed a review of dental fees charged in the province and announced that it will create a dental fee guide.
The Globe and Mail: Bill Howatt, with Morneau Shepell, provides his input to this topic.