Tracking the funded status of pension plans as at October 31, 2019
Nov 25, 2019The evolution of the financial situation of pension plans since December 31, 2018
FSRA sets out pension priorities
Nov 25, 2019The Financial Services Regulatory Authority of Ontario (FSRA) has published a draft FSRA Priorities and Budget Consultation Document for 2020-2021, describing its priorities as it sets out to strengthen its oversight activities in the pension...
Impact on pension expense under international accounting as at October 31, 2019
Nov 25, 2019Every year, companies must establish an expense for their defined benefit pension plans.
Ontario permits statutory discharge for buy-out annuities in respect of surviving spouses
Nov 25, 2019On October 15, 2019, the Ontario government filed Ontario Regulation (O. Reg.) 335/19, which sets out the rules for a statutory discharge to be provided for a buy-out annuity in respect of a pension for a surviving spouse.
New British Columbia pension regulator in place
Nov 25, 2019Effective November 1, 2019, the existing pension plan regulator in British Columbia, the Financial Institutions Commission (FICOM), was replaced by the BC Financial Services Authority (BCFSA).
Updates to government benefit plans in Ontario, Quebec and Alberta
Nov 25, 2019There have been several recent announcements of changes to provincial government health care benefits.
Pension and benefits developments from the 2019 federal election
Nov 25, 2019The Liberal Party of Canada has won a plurality of seats in the House of Commons in the recent 2019 federal election and is expected to form a minority government.
Performance universe of pension managers' pooled funds as at September 30, 2019
Nov 1, 2019Results of the Universe Performance survey for Q3 2019
U.S. class action points to best practices for pension committees
Oct 24, 2019A group of former employees (the “Plaintiffs”) brought a class action lawsuit in respect of a defined contribution 401(k) plan that allows participants to contribute a percentage of their pre-tax earnings and invest their contributions into one or...
Saskatchewan court finds that pension plan beneficiary designation could not be altered using will
Oct 24, 2019A recent Saskatchewan court case demonstrates some of the complexities involved in making and changing beneficiary designations in pension plans, particularly when a member attempts to make a beneficiary change using a will or other format not...