Nova Scotia announces a solvency funding extension

Mar 1, 2013

On February 11, 2013 the Nova Scotia Department of Labour and Advanced Education relaxed the funding rules for private sector defined benefit pension plans, for the period between January 3, 2011 and January 2, 2014.

PPF National Summit on Pension Reform - Bill Morneau remarks

Feb 20, 2013

Bill Morneau Remarks at PPF National Summit on Pension Reform in Feb 2013 ...

The digital age: How users access EFAP services

Feb 12, 2013

Multiple digital channels offer new ways to access counselling and interact with EFAP services, and are attracting a younger demographic who may never have considered Employee and Family Assistance Program support through traditional means.

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

Feb 1, 2013

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

Right to reduce pension benefits retroactively

Feb 1, 2013

On February 5, 2013, the Régie des rentes du Québec (the “Régie”) published Newsletter Number 29 regarding pension plan amendments that reduce benefits retroactively pursuant to the Quebec Supplemental Pension Plans Act (the “SPPA”).

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

Feb 1, 2013

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

Ontario pension administrative expenses

Feb 1, 2013

In January 2013, the Financial Services Commission of Ontario (FSCO) published Policy A200-101 (the “Policy”) concerning administrative expenses of pension funds.

New position of CRA on pension plan transfer agreements and recognition of past service

Feb 1, 2013

Plan sponsors and administrators have expressed concerns in the past that pensionable service rules in the Income Tax Regulations prohibited recognizing a member’s service under a former pension plan when there was a transfer from one defined...

Pension and Benefit Reference: New edition covers new topics

Feb 1, 2013

The Morneau Shepell Handbook of Canadian Pension and Benefit Plans, which was honoured as a Globe & Mail 2012 Business Book Bestseller, has now been published in its 15th Edition.

Discount cards for patented drugs: Could they harm private prescrip drug insurance plans?

Feb 1, 2013

Recently, discount cards have appeared on the Canadian market, offering partial refunds on the cost of patented drugs.