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.
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:
As at March 31, 2013
Morneau Shepell releases results of Performance Universe of pension managers' pooled funds - April 2013Mar 31, 2013
Pension Funds See a Good Start to the Year
Canada’s Public Policy Forum, in joint sponsorship with Morneau Shepell and SunLife Financial, held a pension reform summit in Fredericton on February 19th and 20th.
On February 12th, the Office of the Superintendent of Financial Institutions (OSFI) hosted its annual pension forum in Toronto to discuss issues and initiatives affecting federally regulated pension plans.
On February 1, 2013, the Supreme Court of Canada released its decision in Sun Indalex Finance, LLC v. United Steelworkers (“Indalex”).
On February 28, 2013, the British Columbia government introduced Bill 16, the Pooled Registered Pension Plans Act (the “Act”).