Ontario funding reform update: Ontario requires amendments to Statements of Investment Policies and Procedures and plan textsNov 14, 2018
As part of Ontario’s funding reform which became effective May 1, 2018, most Ontario-registered defined benefit (DB) pension plans will have to make amendments to their Statements of Investment Policies and Procedures (SIPPs) and pension plan...
On October 15, 2018, the Financial Services Commission of Ontario (FSCO) announced that it was in the process of updating FSCO’s surplus policies based on changes to the Pension Benefits Act that became effective on July 1, 2012.
Quebec Human Rights Tribunal holds that students are entitled to same wages as those of other employees in the same roleOct 22, 2018
The Quebec Human Rights Tribunal (the “Tribunal”) recently ruled that offering a wage rate to student employees that is lower than that of casual and regular employees doing the same work is discriminatory.
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.
Defined benefit (DB) pension plans registered in Quebec are required to adopt a funding policy by January 4, 2019.
The British Columbia Ministry of Finance has undertaken a review of the province’s Financial Institutions Act and Credit Union Incorporation Act to consider the regulatory framework governing the financial sector.
Bill 176, “An Act to amend the Act respecting labour standards and other legislative provisions mainly to facilitate family-work balance,” (the Act) was adopted on June 12, 2018 by the Quebec National Assembly.
On April 20, 2018, new Ontario funding regulations were filed by the Ontario government.
On April 3, 2018, the Ontario government filed O. Reg. 193/18, setting out rules for the purchase of buy-out annuities from an insurance company.