Knowledge & Insights
Ontario announces target benefit framework for collectively bargained multi-employer pension plans
Jul 10, 2017On June 29, 2017, the government of Ontario announced a target benefit framework for collectively bargained Ontario multi-employer pension plans (MEPPs).
Ontario budget: Pension announcements
May 11, 2017On 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.
Federally regulated plans: Legislation introduced for target benefits and buy-out annuities
Nov 10, 2016On 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.
GM’s pension plan changes are troubling
Sep 26, 2016Toronto Star: A ‘defined benefits’ pension plan offers significant advantages over the increasingly common ‘defined contribution’ plan.
Target date requirement clarified
Sep 20, 2016Benefits & 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 "...
British Columbia: Union consent for conversions to target benefit plans
Sep 12, 2016In August 2016, the Financial Institutions Commission of British Columbia (FICOM) released Bulletin 16-006 titled “Clarification of Union Consent Requirement for Target Benefit Plan Conversions” (the “Bulletin”).
British Columbia releases Target Benefit Plan Conversion policy
Apr 14, 2016On March 15, 2016, the Financial Institutions Commission of British Columbia (FICOM) released Bulletin 16-001: Guideline for Converting Plans from Defined Benefit to Target Benefit (the “Bulletin”).
Ontario: Consultation on target benefit plans
Aug 19, 2015On July 24, 2015, the Ontario government released its consultation paper titled Regulatory Reform for Target Benefit Multi-Employer Pension Plans (“consultation paper”).
Federal budget modifies RRIF minimum withdrawals and TFSA maximum contributions
May 12, 2015On April 21, 2015, the Federal Government released its 2015 Economic Action Plan (the “Budget”). The Budget includes a number of announcements relating to retirement and benefit plans.
Ontario budget 2015
May 12, 2015On April 23, 2015, the Ontario Government introduced its 2015 budget (the “Budget”).