Update: Ontario multi-employer plan solvency relief

Aug 1, 2012

Effective July 20, 2012, the Ontario Government has again extended temporary solvency funding relief for Specified Ontario Multi-Employer Pension Plans (SOMEPPs).

Proposed regulations for the PRPP Act

Aug 1, 2012

On July 25, 2012, the federal government published proposed regulations for the Pooled Registered Pension Plans Act (PRPP).

CAPSA releases draft DC pension plans guideline

Aug 1, 2012

On July 13, 2012, the Canadian Association of Pension Supervisory Authorities (CAPSA) released a draft Defined Contribution Pension Plans Guideline (the “Draft Guideline”) for comment.

As at July 31, 2012 - Tracking the funded status of pension plans

Aug 1, 2012

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

OSFI instruction guide: Authorization of amendments reducing benefits in defined benefit pension

Aug 1, 2012

In July 2012, the Office of the Superintendant of Financial Institutions (OSFI) adopted and published an Instruction Guide setting out factors and specific requirements that OSFI considers when reviewing an application seeking the Superintendent’s...

Update: Ontario valuation report filing deadline extended

Jul 19, 2012

The Ontario Government has issued a regulation extending the deadline for submitting a valuation report to December 31, 2012.

Update: Quebec temporary relief measures for private sector pension plans

Jul 19, 2012

The Regulation providing temporary relief measures for the funding of solvency deficiencies was released on May 30, 2012. It came into force on June 14, 2012, and has effect retroactively to December 31, 2011.

Voluntary Retirement Savings Plan: Bill 80 Tabled

Jul 19, 2012

On June 12, 2012, Quebec tabled Bill 80, entitled An Act respecting voluntary retirement savings plans.

Tracking the funded status of pension plans - As at June 30, 2012

Jul 19, 2012

The Evolution of the Financial Situation of Pension Plans since December 31, 2007

Individual Pension Plans can still provide significant contribution opportunities

Jul 19, 2012

Individual Pension Plans (IPPs) have long been viewed by advisors as more advantageous than Registered Retirement Savings Plans (RRSPs).