First Reference Talks

Discussions on Human Resources, Employment Law, Payroll and Internal Controls

defined benefit pension plan

By | 3 Minutes Read

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

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

By | 12 Minutes Read

Ontario pension reforms – Where are they now?

The pace of pension reforms in Ontario has been fast-moving since the release of the Ontario Budget on March 28, 2018. 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 Benefits Guarantee Fund, a consultation on a new funding framework for target benefit multi-employer pension plans, consultations regarding new protections for plan members affected by employer insolvencies, and continued work on the new pension and financial services regulator, the Financial Services Regulatory Authority.

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Established in 1995, First Reference Inc. (known as La Référence in Quebec) provides Canadian organizations of any size with practical and authoritative resources to help ensure compliance.

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