Federal government implements moratorium on solvency special payments
Jun 22, 2020The federal government has adopted a regulation to provide temporary, short-term solvency funding relief for federally regulated defined benefit pension plans.
OSFI provides automatic consent for portability transfers for retirement eligible members
Jun 22, 2020On May 7, 2020, the OSFI announced that it has revised its Directives of the Superintendent pursuant to the Pension Benefits Standards Act, 1985 (the Directives) to ease the restrictions on portability transfers for members who are retirement...
Morneau Shepell’s May 2020 Pension Risk Bulletin
May 26, 2020Morneau Shepell’s Pension Risk Transfer Team publishes a periodic Pension Risk Bulletin to provide pension risk transfer and risk management updates and views to defined benefit pension plan sponsors in Canada.
FSRA releases additional COVID-19 update
May 26, 2020On April 24, 2020, the Financial Services Regulatory Authority of Ontario (FSRA) published additional information setting out its response to the COVID-19 pandemic.
Federal government announces solvency payment moratorium
May 26, 2020On April 15, 2020, the government of Canada announced that it will provide immediate, temporary relief to sponsors of federally regulated defined benefit pension plans.
Tracking the funded status of pension plans as at April 30, 2020
May 26, 2020The evolution of the financial situation of pension plans since December 31, 2019
COVID-19 pandemic brings unpaid leaves into focus
May 26, 2020A number of Canadian jurisdictions have introduced new unpaid job-protected statutory leaves for employees who are required to take time off work due to quarantine, care for family members, personal illness, or orders relating to public health.
Impact on pension expense under international accounting as at April 30, 2020
May 26, 2020Every year, companies must establish an expense for their defined benefit pension plans.
Canada Revenue Agency suspends minimum contribution rule for DC pension plans
May 26, 2020The Canada Revenue Agency has announced that it has suspended the minimum contribution rule for defined contribution (DC) pension plans in 2020.
Mental health problems rise among youth during coronavirus crisis
May 14, 2020York Region News: Mental health services are trying hard to keep their essential services running for youth and people with anxiety, depression during COVID-19.