Category: Defined Benefit Governance

"What is Pension Governments?"

Gord Lewis, Vice President, takes a look back at the evolution of pension governance over the past 20 years in this article from the December 2011 edition of Benefit and Pensions Monitor.

Ontario — New Marriage Breakdown Regulations

Effective January 1, 2012, new regulations relating to the division of pension assets on the breakdown of a marriage will come into effect in Ontario. Please see this recent Pension Update from Proteus for more information.

Canadian Pension and Benefits Institute / Benefits Canada - DB Governance

Ryan Kuruliak, Vice President was the featured presenter at the Canadian Pension and Benefits Institute (CPBI) Fundamentals Series on DB Pensions. His discussion covered the future of DB plans in Canada from a governance perspective. His discussion was covered in Benefits Canada .

Saskatchewan Government and General Employees Union hikes defined benefit contribution rate to 54% of wages!

Here is an interesting story out of Saskatchewan that offers an extreme example of the risks of defined benefit pension plans in the current environment. The Saskatchewan Government and General Employees Union (SGEU) has 35 employees and a defined benefit pension plan. On January 14, 2010 the SGEU planned to increase the employee contribution to the pension...

Proposed Pension Reforms in Ontario

On December 9, 2009, the Government of Ontario tabled legislation proposing changes to the provincial system governing private pensions. Bill 236 stems from recommendations of the 2008 Ontario Expert Commission on Pensions. The reforms in the Bill include: •Clarifying the benefits of plan members affect by lay-offs and eliminating partial wind-ups •...

Federal Announcement on Pensions

Income Tax Act, Defined Benefit, Surplus, 10%, OSFI

Pension plans in the news

The Globe and Mail has been featuring all week, an expansive examination of the Canadian retirement landscape . Topics covered have included: - underfunding - sponsor bankruptcy - coverage - financial planning - hybrid pension plans - coverage for small employers - Canadian pension from the global perspective If you are interested in reading more, the...