pension plan

Have you amended your pension plan?

April 25, 2017 Occasional Contributors HR Policies and Procedures, Human Resources, Payroll, Pensions and Benefits, Union Relations

The Pension Benefits Act (Ontario) was recently amended. In this communiqué, we briefly review those amendments.

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Slaw: Update to Pooled Registered Pension Plan Bill

July 5, 2012 Yosie Saint-Cyr, LL.B. Managing Editor Employee Relations, Human Resources, Payroll, Pensions and Benefits

On June 29, 2012, legislation for Pooled Registered Pension Plans (PRPPs) has been given Royal Assent.

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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.

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Slaw: PRPPs vs. VRSPs

March 22, 2012 Yosie Saint-Cyr, LL.B. Managing Editor Human Resources, Payroll, Pensions and Benefits, Source Deductions and Reporting

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

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Accounting Standards for Private Enterprises: what to do about defined benefit plans?

February 1, 2012 Adam Gorley Payroll, Pensions and Benefits

Is your company making the transition to Accounting Standards for Private Enterprises (CICA Handbook, Part II)? Do you have employees in a defined benefit pension plan? You should know that the Accounting Standards Board has approved amendments to CICA 1500, “First-time adoption” and Section 3461, “Employee future benefits”…

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Ministers agree on private sector pension plan

December 22, 2010 Yosie Saint-Cyr, LL.B. Managing Editor Human Resources, Payroll, Pensions and Benefits

On Monday December 20, 2010, Finance Minister Jim Flaherty announced that the provinces, territories and the federal government came to an agreement during their meeting in Alberta to move ahead with a new private-sector pension plan called the pooled registered pension plan framework. This means any talk regarding the expansion of the Canada Pension Plan is put on hold for now.

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Nova Scotia introduces phased-in retirement

May 19, 2010 Andrew Taillon Employment/Labour Standards, Human Resources, Human Rights, Payroll, Pensions and Benefits

The Nova Scotia government is in the process of finalizing amendments to the Pension Benefits Act to introduce phased-in retirement to the Nova Scotia labour force.

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