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Defined benefit (DB) pension plans registered in Quebec are required to adopt a funding policy by January 4, 2019.
Every year, companies must establish an expense for their defined benefit pension plans.
Plan administrators across Canada have had problems dealing with un-locatable or missing pension plan members, and dealing with unclaimed pension amounts.
A British Columbia court has overturned the decision of a provincial privacy commissioner that the Superintendent of Pensions is required to turn over information related to union-sponsored multi-employer pension plans to a business association.
On June 21, 2018, Bill C-74 received royal assent. Among other things, this bill provides for the enhancements to the Canada Pension Plan (CPP) agreed upon by the Finance Ministers in December 2017.
Recently, Morneau Shepell issued its 18th annual survey on the economic assumptions used by Canadian public companies to account for the costs of their defined benefit plans.
On June 30, 2018, the new Ontario government announced their intention to amend the OHIP+ youth pharmacare initiative which was introduced earlier this year by the previous Liberal government.
The evolution of the financial situation of pension plans since December 31, 2017