Category: Plan Funding
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OSFI Updates Guide re Preparation of Actuarial Reports
The Office of the Superintendent of Financial Institutions has updated its Instruction Guide for the Preparation of Actuarial Reports for Defined Benefit Pension Plans . . .
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Ontario FSRA Guidance re Bank of Canada Changes
The Financial Services Regulatory Authority published guidance on its response to the Bank of Canada's revisions to real return bond data . . .
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CAPSA Updates Guideline re Pension Plan Funding Policy
Further to consultations last fall, the Canadian Association of Supervisory Authorities published an updated CAPSA Guideline No. 7 Pension Plan Funding Policy . . .
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Retraite Quebec Newsletter re Bill 68 Amendments
Retraite Québec published a newsletter reviewing Bill 68, An Act mainly to allow the establishment of target benefit pension plans, which came into force on December 11, 2020 . . .
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Ontario Proposes Amendments re Pension Benefits Regulations
Ontario has published two sets of proposed amendments to the regulations under the Pension Benefits Act. These proposals relate to the Pension Benefits Guarantee Fund (PBGF) and (expired) temporary solvency funding relief . . .
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Saskatchewan Amends Pension Benefits Regulation
Saskatchewan published Regulation 25/2021, amending The Pension Benefits Regulations, 1993. The amendment makes changes in relation to the Saskatchewan Teachers’ Retirement Plan (the Plan . . .
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Quebec Guidance re Actuarial Assumptions
Retraite Québec published instructions on the actuarial assumptions and methods applicable to actuarial valuations of supplemental pension plans after December 30, 2020 . . .
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Ontario Budget 2021
The Ontario government released its budget for 2021, and it included an announcement regarding the Pension Benefits Guarantee Fund (PBGF . . .
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Saskatchewan Consultation re DB Plan Funding
The Saskatchewan Financial and Consumer Affairs Authority has published a consultation paper: "A Review of the Pension Funding Framework for Single Employer Defined Benefit Plans in the Private Sector and Other Complementary Reform Measures Applicable to All Defined Benefit Plans . . .
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Denluck v. The Board of Trustees for the Boilermakers’ Lodge 359 Pension Plan, 2021 BCSC 242 – Settlement of Class Action Approved
When Denluck transferred his pension out of the Boilermakers’ Lodge 359 Pension Plan (the Plan), he was advised that since the Plan was underfunded, about a quarter of the commuted value of his pension would be held back (the Transfer Deficiency . . .
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