Assessing your company’s situation and taking action can pay dividends in the form of higher employee engagement, mitigation of risk and operational efficiency, all of which contribute to improving ROI.
The Biggest Stories of The Quarter With Significant Ongoing Impact
Statistics on prescription drug use in 2012 reflect the effect of drug cost control measures implemented by several provinces and the impact of many new generic drugs introduced on the market.
Several recent provincial announcements for public drug plans may also impact private benefit programs; those changes are outlined below:
On March 20, 2013, the Saskatchewan Government released its 2013 Budget.
Federal Finance Minister Jim Flaherty tabled his 2013 Budget on Thursday March 21, 2013. It included only a few initiatives concerning or impacting Registered Pension Plans (“RPPs”) or retirement savings.
This graph shows the changes in the financial position of a typical defined benefit plan since December 31, 2007.
On March 28, the Supreme Court of Canada denied leave to appeal in Carrigan v. Carrigan Estate.
Every year, companies must establish an expense for their defined benefit pension plans.
Many employers and unions are looking for ways to ensure sustainability of their defined benefit (DB) plan, if they can stabilize costs.