Impact on pension expense under international accounting as at April 30, 2018

May 16, 2018

Every year, companies must establish an expense for their defined benefit pension plans.

Ontario adopts buy-out annuity regulations

May 16, 2018

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.

Ontario releases proposals on funding framework for target benefit MEPPs

May 16, 2018

On April 4, 2018, the implementation of a framework for collectively bargained target benefit multiemployer pension plans (TB MEPPs) in Ontario continued with the posting of the proposed funding framework for TB MEPPs.

Court rules that medical marijuana coverage not required; two insurers add medical marijuana coverage option

May 16, 2018

The Nova Scotia Court of Appeal has overturned a human rights decision that would have required a benefit plan to provide medical marijuana coverage, while two Canadian insurers have broadly given plan sponsors the option of including medical...

OSFI issues Guidance Note on default options for DC plans

May 16, 2018

The federal OSFI has published a new Guidance Note outlining OSFI’s interpretation and expectations respecting the requirements for the default investment option selected by the plan administrator in federally regulated member choice defined...

Tracking the funded status of pension plans as at April 30, 2018

May 16, 2018

The evolution of the financial situation of pension plans since December 31, 2017

Ontario adopts new funding regulations

May 16, 2018

On April 20, 2018, new Ontario funding regulations were filed by the Ontario government.

Ontario Budget

Apr 16, 2018

The Ontario Budget was released on March 28, 2018, in advance of the provincial election scheduled for June 7, 2018.

Ontario releases description of proposed variable benefit regulations

Apr 16, 2018

On March 20, 2018, the Ontario Ministry of Finance posted a description of proposed regulations concerning the payment of variable benefits from the defined contribution (DC) provision of an Ontario-registered pension plan.

Alberta announces temporary solvency funding relief

Apr 16, 2018

On March 23, 2018, Alberta announced temporary solvency funding relief for defined benefit (DB) pension plans.