The federal government released for consultation their proposed amendments to the Income Tax Act that would accommodate Pooled Registered Pension Plans (PRPPs).
The Ontario government has introduced a new Family Caregiver Leave, which will expand an employee’s entitlement to a leave to care for an ill or injured family member.
Pension and Benefits Statistics 2012
Every year, companies must establish an expense for their defined benefit pension plans.
In June 2011, the International Accounting standard Board (IASB) published a new IAS19 standard on Employee benefits.
The Accounting Standard Board (AcSB) recently indicated that it is reviewing pension and benefit accounting for private enterprises (CICA Handbook, Part II, Section 3461).
Every data point suggests that benefit costs will continue to rise at a rapid rate.
Many pension plan surveys report on what plans are expecting to do with their assets over the next few years.
As part of severance agreements, layoffs, or retirement packages many employers arrange for the continuation of health and dental coverage under the existing benefits package for the former employee or retiree.
The Evolution of the Financial Situation of Pension Plans since December 31, 2007