New Ontario regulations provide anticipated funding flexibility
Nov 1, 2012Despite the prorogation of the Ontario Legislature on October 15th, the Cabinet is continuing to meet, and the regulations related to the long-awaited further round of solvency funding relief for Ontario-registered underfunded pension plans were...
As at October 31, 2012 - Impact on pension expense under international accounting
Nov 1, 2012Every year, companies must establish an expense for their defined benefit pension plans.
Proposed mortality table and improvement scale will increase Canadian pension liabilities
Nov 1, 2012Canadian pensioner mortality experience studies may result in a new mortality table and improvement scale that, if adopted in the actuarial standards of practice, will likely increase pension liabilities between 3% and 8% depending on the...
Buying annuities for defined benefit plans: Why not?
Nov 1, 2012Defined benefit pension plans are currently looking for solutions to manage their risk. Oddly, buying annuities is seldom included in the strategies contemplated for this purpose.
Group benefit changes effective January 1, 2013
Nov 1, 2012As the New Year approaches, it is a prudent time to reiterate two changes announced earlier in 2012 that may impact group benefit programs and will take effect January 1, 2013.
Who determines the assumptions for pension plans?
Nov 1, 2012How pension plans are valued impacts a plan sponsor’s cash contributions to the plan and the amount of pension expense reported in its financial statements.
Alberta introduces new pension act
Nov 1, 2012The Alberta government has introduced Bill 10, the Employment Pension Plans Act, to replace its current pension legislation. Bill 10 closely follows British Columbia’s Bill 38, which was passed in June. Please see our News & Views article from...
Changes to Federal Government Pensions
Oct 26, 2012On Thursday, October 18, 2012, the federal government introduced an omnibus budget legislation known as Bill C-45.
30,000 Feet - Third quarter, 2012
Oct 8, 2012The Biggest Stories of The Quarter With Significant Ongoing Impact
Update: Adoption of IFRS by entities with rate-regulated activities
Oct 1, 2012Following its meeting on September 5-6, 2012, the Canadian Accounting Standards Board (AcSB) will extend again the existing deferral of the mandatory IFRS changeover date for entities with qualifying rate-regulated activities.