On June 29, 2017, the government of Ontario announced a target benefit framework for collectively bargained Ontario multi-employer pension plans (MEPPs).
Ontario Bill 127, which includes several pension measures, has received royal assent. Bill 127 was discussed as part of our summary of the 2017 Ontario Budget.
The Financial Accounting Standards Board (FASB) issued in March 2017 an update to Accounting Standards Codification 715 - Compensation – Retirement Benefits (ASC-715).
The evolution of the financial situation of pension plans since December 31, 2016
The Canadian Institute of Actuaries (CIA) has provided an update regarding a review of their Commuted Value, or “CV”, Standard.
Every year, companies must establish an expense for their defined benefit pension plans.
As promised in the solvency funding reform measures that were announced on May 19, 2017, the Government of Ontario released interim funding relief measures on June 29, 2017.