Knowledge & Insights
On June 29, 2017, the government of Ontario announced a target benefit framework for collectively bargained Ontario multi-employer pension plans (MEPPs).
On April 27, 2017, Ontario released its 2017 Budget. The Budget includes a number of important announcements of future changes to Ontario pension legislation and regulation.
On October 19, 2016, the federal government introduced Bill C-27, which will permit the establishment of target benefit plans (TBPs) by federally regulated employers, for both single and multi-employer pension plans.
Toronto Star: A ‘defined benefits’ pension plan offers significant advantages over the increasingly common ‘defined contribution’ plan.
Benefits & Pension Monitor News: The Financial Institutions Commission of British Columbia (FICOM) has clarified the requirement for union consent when a plan provision is converted to a target benefit provision, says a Morneau Shepell "...