Financial Services Regulatory Authority of Ontario – Benefits Canada.com https://uat-cumulus.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Thu, 16 Jan 2025 20:41:36 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 FSRA allowing DB pension sponsors to defer contributions until 2021 https://uat-cumulus.benefitscanada.com/canadian-investment-review/db-investments/fsra-allowing-db-pension-sponsors-to-defer-contributions-until-2021/ Wed, 23 Sep 2020 03:53:00 +0000 https://cumulus.benefitscanada.com/uncategorized/fsra-allowing-db-pension-sponsors-to-defer-contributions-until-2021/ The Financial Services Regulatory Authority of Ontario is providing employers with the option to defer contributions to certain defined benefit pension plans to help with their organization’s cash flow during the coronavirus pandemic while providing safeguards for funding plan member benefits. Eligible private sector employers will be able to defer up to six months of […]

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]]> Projected Ontario DB pension solvency ratios hit significantly in Q1: FSRA https://uat-cumulus.benefitscanada.com/canadian-investment-review/db-investments/projected-ontario-db-pension-solvency-ratios-hit-significantly-in-q1-fsra/ Tue, 02 Jun 2020 04:44:49 +0000 https://cumulus.benefitscanada.com/uncategorized/projected-ontario-db-pension-solvency-ratios-hit-significantly-in-q1-fsra/ The first quarter of 2020 was rough for Ontarian defined benefit pension plans as they experienced the most significant quarterly decline in projected solvency ratios since December 2009, according to a new report by the Financial Services Regulatory Authority of Ontario. In particular, the median projected solvency declined to 85 per cent as of March […]

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]]> Considerations for DC plan sponsors before suspending employer contributions https://uat-cumulus.benefitscanada.com/canadian-investment-review/dc-investments/considerations-for-dc-pension-plans-before-waiving-1-minimum-contribution-requirement/ Mon, 11 May 2020 06:57:17 +0000 https://cumulus.benefitscanada.com/uncategorized/considerations-for-dc-pension-plans-before-waiving-1-minimum-contribution-requirement/ The Canada Revenue Agency is waiving the minimum one per cent employer contribution requirement for defined contribution pension plans for the rest of 2020. To take advantage of the contribution relief, employers must amend their DC plans to suspend accruals for the year, meaning no employer or employee contributions can be made. Further, DC plan […]

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