Two employers from British Columbia’s not-for-profit sector are joining the Colleges of Applied Arts and Technology pension plan’s DBplus. Effective Oct. 1, 53 full-time and six part-time staff at the Vancouver Foundation and four full-time and two part-time employees at the British Columbia Unclaimed Property Society became members of the defined benefit pension plan. “We […]
The Association of Canadian Pension Management is calling on the Ontario government to consider amending the Employment Standards Act and the Pension Benefits Act to allow for auto-enrolment and auto-escalation features in capital accumulation plans. Specifically, it would like the government to allow employers to automatically deduct employee contributions from payroll to facilitate these features. […]
While the Pension Investment Association of Canada is generally supportive of British Columbia’s proposed solvency funding framework, when it comes to requirements around funding the provision for adverse deviations, the organization is suggesting B.C. takes a page from Ontario and Quebec. With many governments across Canada looking to make defined benefit plans more sustainable, the […]
Morneau compares pipeline to insurance for investors