Category: Target Benefit Plans
-
Ontario FSRA Announces Pension Standing Technical Advisory Committees
The Financial Services Regulatory Authority (FSRA) announced that it is establishing 4 new Pensions Standing Technical Advisory Committees, which will address issues related to: defined benefit, single-employer plans; defined contribution plans; multi-employer plans; and public sector plans . . .
This content is only available to subscribers. Please login or go to www.optimizelegal.com to learn more about this product. -
Fredericton Police Association v. New Brunswick (Superintendent of Pensions), 2019 NBFCST 4, 5, 6 – Jurisdiction of the Tribunal & Other Procedural Issues
The New Brunswick Financial and Consumer Services Tribunal Decision rendered three procedural decisions related to the ongoing pension dispute between the Fredericton Police and Fire Fighters’ Associations and the City of Fredericton . . .
This content is only available to subscribers. Please login or go to www.optimizelegal.com to learn more about this product. -
Ontario Passes Bill 100 (Budget Bill)
Ontario passed Bill 100, Protecting What Matters Most Act (Budget Measures), 2019, on May 29, 2019. Bill 100 includes amendments to the Financial Services Commission of Ontario Act, 1997, Financial Services Regulatory Authority of Ontario Act, 2016, Financial Services Tribunal Act, 2017 and Pension Benefits Act . . .
This content is only available to subscribers. Please login or go to www.optimizelegal.com to learn more about this product. -
Ontario Introduces Bill 100 & Makes Other Budget Announcements
The Ontario government introduced Bill 100, Protecting What Matters Most Act (Budget Measures), 2019, for first reading on April 11, 2019. Bill 100 includes amendments to the Financial Services Commission of Ontario Act, 1997 (Schedule 26), Financial Services Regulatory Authority of Ontario Act, 2016 (Schedule 27), Financial Services Tribunal Act, 2017 (Schedule 28) and Pension Benefits Act (Schedule 48 . . .
This content is only available to subscribers. Please login or go to www.optimizelegal.com to learn more about this product. -
CAPSA Recommendations re DB Plan Funding
In response to recent amendments to defined benefit plan funding rules across Canada, CAPSA has published a paper which sets out recommendations regarding the funding of defined benefit plans. Overall, CAPSA concluded that "there were several elements from the new funding frameworks in Québec and Ontario, which could be amalgamated to promote a harmonized framework across Canadian jurisdictions . . .
This content is only available to subscribers. Please login or go to www.optimizelegal.com to learn more about this product. -
B.C. Pension Bulletin re Disclosure of Solvency Funding Deficiencies in Target Benefit Plans
The B.C. Financial Institutions Commission has published Pension Bulletin 18-004: Disclosure of Solvency Deficiency for Plans with Target Benefit Components . . .
This content is only available to subscribers. Please login or go to www.optimizelegal.com to learn more about this product. -
Ontario Regulation re SOMEPP Extension
Further to my earlier post regarding the new target benefit multi-employer pension plan (TB MEPP) funding rules, Ontario has filed Regulation 192/18 to facilitate the transition of specified Ontario multi-employer pension plans (SOMEPP) to TB MEPPs.
This content is only available to subscribers. Please login or go to www.optimizelegal.com to learn more about this product. -
Ontario Draft Regulations re Target Benefit MEPP Funding Rules
The Ontario government has posted a description of proposed regulations relating to the funding framework for eligible target benefit multi-employer pension plans (TB MEPPs). Comments are due by May 4, 2018.
This content is only available to subscribers. Please login or go to www.optimizelegal.com to learn more about this product. -
Ontario Budget 2018
The Ontario government released its budget for 2018, and it included a number of pension and benefit related announcements, most notably:
- retroactive amendments to the Pension Benefits Guarantee Fund (PBGF) provisions;
- new regulatory tools for insolvencies involving underfunded pension plans;
- ongoing reform of pension plan funding rules; and
- continued development of Ontario's new financial services and pension regulator - the Financial Services Regulatory Authority (FSRA).
This content is only available to subscribers. Please login or go to www.optimizelegal.com to learn more about this product. -
B.C. Pension Bulletin re Calculating Commuted Values
The B.C. Financial Institutions Commission has published Pension Bulletin 18-002: Calculating Commuted Values for Multi-jurisdictional Pension Plans. The Bulletin provides guidance for administrators of BC registered pension plans when calculating the commuted value of benefits for members in other jurisdictions, including Alberta. In particular, the Bulletin discusses scenarios involving collectively bargained multi-employer plans and plans with target benefit provisions . . .
This content is only available to subscribers. Please login or go to www.optimizelegal.com to learn more about this product.