The evolution of the financial situation of pension plans since December 31, 2018
Effective April 1, 2019, Ontario has made benefit coverage changes to the Ontario Drug Benefit (ODB) program for children and youth aged 24 years and under.
Every year, companies must establish an expense for their defined benefit pension plans.
On February 7, 2019, the Institut de la statistique du Québec released an analysis of the findings of the Quebec 2017 Survey on Total Compensation with respect to the pension and savings plans offered to employees.
On March 12, 2019, Nova Scotia government introduced Bill 109, which includes several measures to help reduce defined benefit (DB) pension plan funding volatility and permits buy-out annuities.
On March 8, 2019, the FSCO released a FAQ document summarizing key points on the new funding rules for single employer DB pension plans registered in Ontario, which came into effect on May 1, 2018.
On March 8, 2019, the Financial Services Commission of Ontario (FSCO) released a Frequently Asked Question (FAQ) document summarizing key points on the new discharge for the purchase of a pension for a former or retired defined benefit...
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.