The evolution of the financial situation of pension plans since December 31, 2018
On February 7, 2019, the Canadian Association of Pension Supervisory Authorities (CAPSA) published the final version of Guideline No. 8 – Defined Contribution Pension Plans Guideline (the DC Guideline).
Every year, companies must establish an expense for their defined benefit pension plans.
On February 7, 2019, the Canadian Association of Pension Supervisory Authorities (CAPSA) published the final version of Guideline No. 9 – Searching for Un-locatable Members of a Pension Plan (Guideline No. 9).
On February 4, 2019, the Financial Services Commission of Ontario (FSCO) published three guidelines to assist in interpreting the new defined benefit (DB) funding rules that came into force on May 1, 2018.
Bill 10, An Act to amend the Pay Equity Act mainly to improve the pay equity audit process, was introduced in the Quebec National Assembly on February 12, 2019 (the Bill).
The federal Budget of March 19, 2019, included a number of measures that will affect pension and benefits plans, as well as executive compensation and healthcare related measures.
The government of BC has amended the Pension Benefits Standards Regulation to extend temporary solvency funding relief measures for DB pension plans to valuations with review dates on and after December 31, 2018 and prior to January 1, 2021.
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