defined contribution plan

Ontario pension reforms – Where are they now?

June 29, 2018 Occasional Contributors Employee Relations, Employment/Labour Standards, HR Policies and Procedures, Human Resources, Payroll, Pensions and Benefits, Union Relations

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.

annuity discharge regulations, benefit plans, Canada pensions and benefits law, DB plan funding, DC plans, defined benefit pension plan, defined contribution pension plan, defined contribution plan, disclosure to members, Financial Services Regulatory Authority, Financial Services Regulatory Authority of Ontario Act, FSRA, MEPP, multi-employer pension plan, PBA, PBGF, pension benefits act, pension plan administration, pension plans, pension reform, Pensions Benefits Guarentee Fund, reduced solvency deficiency, solvency funding, Supplemental Pension Plans Act

Applying pension lessons learned from paper mill closures

May 30, 2012 Amery Boyer Human Resources, Payroll, Pensions and Benefits, Union Relations

On May 17, 2012, the Province of Nova Scotia adopted Bill 86, the NewPage Port Hawkesbury Pension Plans Act in response to a request by members of Local 972 of the Communications, Energy, and Paperworkers Union of Canada. The Act extends the life of four underfunded defined pension plans for the employees of the former NewPage Port Hawkesbury pulp and paper mill.

collective agreement, defined contribution plan, employment law, Nova Scotia, pension liability, pension plan, Pension wind-up, underfunded defined pension plans, wind-up period