Follow-up to the D’Amours report on pension plan reform in Quebec

Sep 1, 2013

On September 17, 2013, after hearing from 42 groups and organizations and receiving 19 other briefs, the Quebec Committee on Public Finance submitted its observations, conclusions and recommendations on the D’Amours report released in April 2013.

New mortality tables will affect funding of pension plans

Sep 1, 2013

On July 31, 2013, the Canadian Institute of Actuaries (CIA) published a draft report on Canadian Pensioners Mortality which concludes that Canadians covered by a defined benefit pension plan are living longer.

Changes to actuarial guidance for solvency valuations

Sep 1, 2013

Based on extensive research, the Canadian Institute of Actuaries (CIA) has refined the guidance that actuaries use for estimating defined benefit pension liabilities for solvency and hypothetical wind-up valuations...

New transfer limits when pensions are reduced

Sep 1, 2013

On August 23, 2013, the Department of Finance Canada issued a comfort letter concerning subsection 8517(3) of the Income Tax Regulations.

As at August 31, 2013 - Tracking the funded status of pension plans

Sep 1, 2013

This graph shows the changes in the financial position of a typical defined benefit plan since December 31, 2007.

As at August 31, 2013 - Impact on pension expense under international accounting

Sep 1, 2013

Every year, companies must establish an expense for their defined benefit pension plans.

Did we get it wrong again?

Aug 29, 2013

I recall co-authoring a report in 1982 in which we predicted that future inflation would be 9% a year for the long term.

FSCO offers Carrigan guidance

Aug 26, 2013

FSCO’s position is that plan administrators are not in contravention of the Pension Benefits Act if they continue to treat the member’s common-law spouse as entitled to a joint and survivor pension under section 44, even if the member is still...

Planning for retirement now

Aug 23, 2013

Planning for retirement can be overwhelming.