First Reference company logo

First Reference Talks

News and Discussions on Payroll, HR & Employment Law

decorative image

pensions

Differential treatment in pension and benefit plans based on date of hire now prohibited in Québec (or is it really?)

health-benefits

There is no question that Bill 176, An Act to amend the Act respecting labour standards, removes some flexibility in plan design going forward. That being said, there are still ways to structure plan design changes that will achieve the employer’s objectives without running afoul of the prohibition under Bill 176

 

, , , , ,

Three popular articles this week on HRinfodesk

Three popular articles this week on HRinfodesk deal with details on ORPP; noise as a workplace hazard; and, WHMIS 2015.

 

, , , , , , , ,

Bills to enact Pooled Registered Pension Plans

As anticipated, since the federal Pooled Registered Pension Plans Act came into force December 14, 2012, several provinces have followed suit and tabled legislation to implement the new kind of portable deferred income plan, which is designed to provide retirement income to workers and self-employed persons who do not have access to an employer-sponsored retirement pension plan.

 

, , , , , , , , ,

Most-viewed articles this week on HRinfodesk

The three most viewed articles on HRinfodesk this week deal with the end of production of the Social Insurance Number card, changes to the old age security pension plan and Ontario introducing three leaves of absence to help families.

 

, , , , , , , , , , , , , , , ,

Slaw: PRPPs vs. VRSPs

On March 21, 2012, Quebec became the first province to set up a detailed framework of provincial rules that will apply for PRPPs.

 

, , , , , , , , ,

Risk-based pension regulation: fancy name, but what does it mean?

The Financial Services Commission of Ontario (FSCO) is proposing a risk-based system of regulating pension plans. Essentially, this means improving risk assessment and monitoring, following five principles…

 

, , , , , , , , , ,

Pension proposals and programs in Ontario

Among the day-to-day political crises that come and go in the news, pension reform has persisted for years now. Is the current system sustainable? Are Canadians saving enough? How can the government make citizens pay more attention to pensions? What role do employers play in engaging workers?

 

, , , , ,

Election fever! Who’s got it?

It’s that exciting time again, when somewhat more than half of Canadians over 18 will come together to select the people who will govern us until the next impassable crisis of parliamentary confidence. For some, it’s a celebratory time when we Canadians demonstrate our democratic will. For others, it’s a cynical time (I know: how can it be?) when incumbents and hopefuls tell us what we want to hear just to win their seats in Ottawa and their cushy benefits.

 

, , , , , , , , , , , , , , , ,

Retirement income system: Coast to coast consultations

Recently, questions and concerns have been raised about the adequacy of future retirement income for certain members of the Canadian population. These concerns have received particular attention in light of the global ecomonic downturn and other emerging issues, such as longer life expectancy, imminent baby boomer retirements, and declining private pension plan coverage.

 

, , , , , , , , ,