Ontario’s Liberal Government released its 2014 Budget (the “Budget”)... The Budget’s proposed pension initiatives included...
Target benefit plans (TBPs) are attracting more attention. But despite this model’s appeal, a number of pension plan sponsors have concerns about the technical details associated with moving to a TBP structure.
On April 24, the Department of Finance Canada unveiled a proposed framework for Target Benefit Pension Plans (TBPs), also referred to as shared risk plans.
Canadian consulting firms are welcoming the federal government’s proposed federal framework for target benefit plans.
The biggest challenge for DB pensions isn’t the cost, but the volatility.
Saint John Energy, an electrical distribution utility servicing the City of Saint John, New Brunswick, had a mature defined benefit (DB) pension plan that had existed for 80 years.
Benefits Canada: Pension plans need to explore uncharted waters to stay sustainable.
‘Sweet spot’ between DB, DC pensions - Shared risk between plan sponsor, members may make target benefit a wise alternativeJan 27, 2014
Target benefit plans rely on fixed contributions that aim to achieve a target benefit level.
Target benefit plans (TBPs) may be the answer to many problems facing pension plan design, according to a white paper.
In our last Vision, we started a comparison of Defined Contribution (DC) plans versus Target Benefit Plans (TBPs).