Knowledge & Insights
Minister of State Kevin Sorenson’s proposal this month to introduce Target Benefit Pension Plans (TBPs) is potentially big news for Crown Corporations and federally regulated employers such as banks, telcos and transportation companies.
Ontario’s Liberal Government released its 2014 Budget (the “Budget”)... The Budget’s proposed pension initiatives included...
Target benefit plans (TBPs) are attracting more attention. But despite this model’s appeal, a number of pension plan sponsors have concerns about the technical details associated with moving to a TBP structure.
On April 24, the Department of Finance Canada unveiled a proposed framework for Target Benefit Pension Plans (TBPs), also referred to as shared risk plans.
Canadian consulting firms are welcoming the federal government’s proposed federal framework for target benefit plans.
To develop a pension plan model that would address the funding challenges currently faced by many defined benefit pension plans, as well as other issues inherent in these plans.
The biggest challenge for DB pensions isn’t the cost, but the volatility.
The defined benefit pension plan challenge is not around what it costs employers or the impact of accounting rules on corporate financial papers, says Kevin Sorhaitz, a partner in Morneau Shepell’s retirement solutions practice...
Saint John Energy, an electrical distribution utility servicing the City of Saint John, New Brunswick, had a mature defined benefit (DB) pension plan that had existed for 80 years.
Benefits Canada: Pension plans need to explore uncharted waters to stay sustainable.