Every year, companies must establish an expense for their defined benefit pension plans.
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.
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 optionMay 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...
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...
The evolution of the financial situation of pension plans since December 31, 2017
On April 20, 2018, new Ontario funding regulations were filed by the Ontario government.
The Ontario Budget was released on March 28, 2018, in advance of the provincial election scheduled for June 7, 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.
On March 23, 2018, Alberta announced temporary solvency funding relief for defined benefit (DB) pension plans.