Information About Pensions & Benefits Law
Below is a preview of the five most recent posts from the blog Pensions & Benefits Law. To read these posts in their entirely or subscribe to future updates from this blog, please visit their website!
- Ontario amends pension legislation to address electronic beneficiary designations
Pension plan administrators are implementing electronic tools as part of their administration processes with increasing frequency. This can be attributed to factors such as the prevalence of technology in society generally, the efficiency of using electronic processes and shifts in member demographi … Read more »
- Target benefit plans – From New Brunswick to Ontario to the UK
In the most recent provincial budget, the Ontario government has signaled its willingness to expand its proposed target benefit framework outside the unionized environment. This is good news for the not-for-profit sector, and other non-unionized groups that may wish to establish a target benefit mul … Read more »
- Differential treatment in pension and benefit plans based on date of hire now prohibited in Québec (or is it really?)
The differences in pension and employee benefits between younger workers and more experienced workers have become one of the dominant political issues of the moment in Québec’s pension and benefits industry. Over the last few years, unions have intensified pressure on the Québec government to ban th … Read more »
- Ontario pension reforms – Where are they now?
The pace of pension reform in Ontario has been fast-moving since the release of the Ontario Budget on March 28, 2018 (the “Budget”). Among other things, the Budget announced continued work on the new funding rules for defined benefit pension plans and related increases to coverage under the Pension … Read more »
- Target benefit plans continue to gain traction
Following the federal government’s proposed changes to the Pension Benefits Standards Act, 1985 (the “PBSA”) to permit federally-regulated employers to sponsor target benefit plans (“TBPs”), released in October 2016, TBPs continue to gain traction across multiple Canadian provinces. Federal Bill C-2 … Read more »