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).
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.
Benefits Canada: It’s impossible to avoid the simple truth that people get sick, which often keeps them away from work. But which specific health conditions are keeping employees from doing their jobs?
The Globe and Mail: RRSPs are going grey.
Inclusion of Provision for Adverse Deviation in financial reporting for DB pension plan sponsors reporting under CPA Canada Handbook Sections 3462 and 3463Feb 20, 2019
The AcSB has issued a Decision Summary which affects defined benefit pension plan sponsors that report under Sections 3462 and 3463 of the CPA Canada Handbook and elected to use funding valuation assumptions for financial reporting.
On December 11, 2018, Alberta adopted Bill 27, which will transition the Local Authorities Pension Plan, the Public Service Pension Plan, and the Special Forces Pension Plan to a joint governance structure.
The evolution of the financial situation of pension plans since December 31, 2018
On January 2, 2019, the Ontario government released a regulatory notice and a draft regulation that will make OHIP+ drug coverage only available to Ontarians under the age of 25 who do not have drug coverage through a private drug benefit plan.
Every year, companies must establish an expense for their defined benefit pension plans.