The Morneau Shepell Pension Indices, released monthly, condense the journey that pension plans have experienced over the last year into a few key statistics.
On October 22, 2020, New Brunswick amended its defined benefit (DB) funding framework in line with the changes proposed earlier this year.
On September 22, 2020, the New Brunswick FCNB published proposed rules to govern its Unclaimed Property Program, which will be established pursuant to the New Brunswick Unclaimed Property Act (the Act) that received royal assent in March.
The Financial Services Regulatory Authority of Ontario (FSRA) has issued two draft documents providing insight into its regulation of the pension sector in Ontario.
On October 5, 2020, the Saskatchewan Superintendent of Pensions announced modifications to the province’s temporary freeze on transfers from defined benefit (DB) pension plans to provide automatic consent for most such transfers from Saskatchewan...
The Canada Revenue Agency (CRA) has released the year’s maximum pensionable earnings (YMPE) under the Canada Pension Plan (CPP) for 2021.
The evolution of the financial situation of pension plans since December 31, 2019
On October 7, 2020, the Quebec legislature introduced Bill 68, An Act mainly to allow the establishment of target benefit pension plans.
Every year, companies must establish an expense for their defined benefit pension plans.
Bill 68 “An Act mainly to allow the establishment of target benefit pension plans” was tabled in the Quebec National Assembly on October 7, 2020.