The ABC’s of Target Benefit Plans – Part II
This is my second blog post in a series regarding target benefit plans (TBPs) (for Part I, which provides a general overview of TBPs, see my March 10, 2014 post). In this post I will focus on New...
View ArticleOntario Government Committed to Improving Pensions Through Extensive and...
By: Jana Steele, Paul Litner and Lesha VanDerBij The 21st century workforce needs a modern retirement income system, but Ontario and Canada have a 20th century system in place. That is why Ontario is...
View ArticleQuebec Proposes Reforms to Municipal Defined Benefit Pension Plans
On June 12th, the Quebec government introduced Bill 3 – An Act to Foster the Financial Health and Sustainability of Municipal Defined Benefit Pension Plans in Quebec (Bill 3). Bill 3 replaces Bill 79 –...
View ArticleAlberta Solvency Reserve Accounts: An Answer to Trapped Capital?
Defined benefit plan sponsors in Alberta (and soon British Columbia) should carefully consider taking advantage of recent (and forthcoming) legislation in those provinces permitting them to establish...
View ArticlePension Holiday Wish List
As policy makers across the country implement pension reform and address priorities, we wanted to highlight a few of the recent reforms impacting private sector registered pension plans that, in our...
View ArticleSolvency Reserve Accounts – Further Considerations for Alberta and BC Plans...
Last month Alberta Interpretive Guideline #07 dealing with Solvency Reserve Accounts (SRAs) was finalized. A draft of the Guideline had been released last November for industry/stakeholder comment. In...
View ArticleSolvency Reserve Accounts – Further Considerations for Alberta and BC Plans...
In Part I of this series, we considered issues related to setting up a solvency reserve account (SRA) for an Alberta (and eventually British Columbia) defined benefit plan, SRA withdrawals and...
View ArticleQuebec Proposes Pension Funding Reform for Private Sector Plans
Following the release of the D’Amours Report in 2013, which provided recommendations on how to improve Quebec’s retirement income system, the Quebec government was widely expected to reform the...
View ArticleSolvency Reserve Accounts (Part III) – “Oh and One More Thing…Payment of...
In our previous two articles in this series (Part I and Part II), we considered issues related to setting up an Alberta (and eventually BC) defined benefit plan solvency reserve account (SRA) and...
View ArticleRethinking Plan Design & Funding: Pension Innovation in Canada
Pension plan design possibilities are evolving in various jurisdictions across the country. This is happening at a time when many plan sponsors have been considering pension risk management and...
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