Tracking the funded status of pension plans as at May 31, 2020
Jun 22, 2020The evolution of the financial situation of pension plans since December 31, 2019
Impact on pension expense under international accounting as at May 31, 2020
Jun 22, 2020Every year, companies must establish an expense for their defined benefit pension plans.
CAPSA releases revised multi-jurisdictional pension plan agreement
Jun 22, 2020On June 2, 2020, CAPSA announced that representatives of the governments of Alberta, British Columbia, New Brunswick, Nova Scotia, Ontario, Quebec and Saskatchewan and the federal government have signed a new interim Agreement Respecting...
FSRA sets out rules and procedures for approval of commuted value transfers
Jun 22, 2020Effective May 22, 2020, the FSRA issued Approach No. PE0202APP (the Approach), which provides new guidance on commuted value transfers and annuity purchases for Ontario-registered defined benefit pension plans.
Federal government implements moratorium on solvency special payments
Jun 22, 2020The federal government has adopted a regulation to provide temporary, short-term solvency funding relief for federally regulated defined benefit pension plans.
OSFI provides automatic consent for portability transfers for retirement eligible members
Jun 22, 2020On May 7, 2020, the OSFI announced that it has revised its Directives of the Superintendent pursuant to the Pension Benefits Standards Act, 1985 (the Directives) to ease the restrictions on portability transfers for members who are retirement...
Morneau Shepell’s May 2020 Pension Risk Bulletin
May 26, 2020Morneau Shepell’s Pension Risk Transfer Team publishes a periodic Pension Risk Bulletin to provide pension risk transfer and risk management updates and views to defined benefit pension plan sponsors in Canada.
FSRA releases additional COVID-19 update
May 26, 2020On April 24, 2020, the Financial Services Regulatory Authority of Ontario (FSRA) published additional information setting out its response to the COVID-19 pandemic.
Federal government announces solvency payment moratorium
May 26, 2020On April 15, 2020, the government of Canada announced that it will provide immediate, temporary relief to sponsors of federally regulated defined benefit pension plans.
Tracking the funded status of pension plans as at April 30, 2020
May 26, 2020The evolution of the financial situation of pension plans since December 31, 2019