pension solvency – 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 Head to head: Should Canadian governments eliminate pension solvency funding rules? https://uat-cumulus.benefitscanada.com/archives_/benefits-canada-archive/head-to-head-should-canadian-governments-eliminate-pension-solvency-funding-rules/ Fri, 19 Nov 2021 13:59:37 +0000 https://www.benefitscanada.com/?p=111220 With defined benefit pension solvency reforms gradually coming in across the country, two experts debate whether there’s a better way to ensure DB plan sustainability and security. Todd Saulnier, vice-president, the Association of Canadian Pension Management’s board of directors The answer is mostly yes. A floor of 85 per cent of solvency liability might be […]

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]]> ACPM urging Retraite Québec to address recovery measures timing in draft pension amendment https://uat-cumulus.benefitscanada.com/pensions/governance-law/acpm-asking-retraite-quebec-to-address-recovery-measures-timing-in-draft-pension-amendment/ Tue, 16 Nov 2021 20:00:17 +0000 https://www.benefitscanada.com/?p=111685 The Association of Canadian Pension Management is calling on Retraite Québec to review its draft amendment of a regulation governing supplemental pension plans. In a letter to the pension plan administrator, the ACPM said that a section of the amendment — stating that recovery measures in the event of insufficient contributions to a target-benefit pension […]

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]]> Domestic equity returns bolstering Canadian DB pension plan solvency: report https://uat-cumulus.benefitscanada.com/canadian-investment-review/research-markets/october-domestic-equity-returns-bolstering-db-plan-solvency-report/ Tue, 09 Nov 2021 14:00:34 +0000 https://www.benefitscanada.com/?p=111173 The average Canadian defined benefit pension plan saw improvements on a solvency and accountancy basis in October, according to LifeWorks Inc.’s monthly report. Its monthly report on DB pension indices found the average plan saw its solvency index rise to 111.5 per cent, up from 108.8 per cent at the end of September and a […]

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]]> Canadian DB pension plan returns dip, balance sheets stable in September: report https://uat-cumulus.benefitscanada.com/canadian-investment-review/research-markets/canadian-db-pension-plan-returns-dip-balance-sheets-stable-in-september-report/ Thu, 07 Oct 2021 13:00:25 +0000 https://www.benefitscanada.com/?p=108985 The typical Canadian defined benefit pension plan deteriorated on a solvency basis but improved on an accountancy basis in September, according to a new report by LifeWorks Inc. Its monthly report on DB pension indices found the average plan saw its solvency index dip from 109.4 per cent at the end of August to 108.8 […]

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]]> Top 5 HR, benefits and pension stories of the week https://uat-cumulus.benefitscanada.com/news/bencan/top-5-hr-benefits-and-pension-stories-of-the-week/ Fri, 01 Oct 2021 13:00:58 +0000 https://www.benefitscanada.com/?p=108415 Canada’s first National Day for Truth and Reconciliation was front of mind this week, with Benefits Canada‘s look at how employers can mark the inaugural day the most-read story. Here are the five most popular news stories of the week: How employers can mark first-ever National Day for Truth and Reconciliation New paper calls for linking […]

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]]> Solvency reserve accounts missing from Manitoba’s new pension amendments https://uat-cumulus.benefitscanada.com/pensions/governance-law/solvency-reserve-accounts-missing-from-manitobas-new-pension-amendments/ Wed, 29 Sep 2021 13:00:53 +0000 https://www.benefitscanada.com/?p=108355 Although Manitoba’s Pension Amendments Act takes effect on Oct. 1, pension plan sponsors are disappointed that the provisions allowing them to use reserve accounts to fund solvency deficiencies have been excluded from the proclamation. “The government has not indicated when the reserve account provisions will come into effect and sponsors are anxious because they would […]

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]]> ACPM calling on OSFI to address funding asymmetry in DB pension regulation https://uat-cumulus.benefitscanada.com/pensions/governance-law/acpm-calling-on-osfi-to-address-funding-asymmetry-in-db-pension-regulation/ Tue, 21 Sep 2021 13:00:39 +0000 https://www.benefitscanada.com/?p=108035 The Association of Canadian Pension Management is calling on the Office of the Superintendent of Financial Institutions to address funding asymmetry in its approach to regulating defined benefit pension plans using a portfolio replicating approach. In an open letter to the OSFI, Ric Marrero, the ACPM’s chief executive officer, raised concerns related to planned revisions […]

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]]> Chicago police pension fund accused of mismanaging funds by outside auditor https://uat-cumulus.benefitscanada.com/pensions/governance-law/chicago-police-pension-fund-accused-of-mismanaging-funds-by-outside-auditor/ Tue, 07 Sep 2021 17:00:09 +0000 https://www.benefitscanada.com/?p=106902 A report from the Chicago Police Department Pension Board Accountability Group is accusing the management of the Policemen’s Annuity and Benefit Fund of Chicago of providing little transparency to plan members and mismanaging funds. The pension board accountability group hired forensic auditor Christopher Tobe to conduct an audit. The report accuses the defined benefit plan’s board […]

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]]> Pensions in position to off load risks: expert https://uat-cumulus.benefitscanada.com/canadian-investment-review/research-markets/pensions-in-position-to-off-load-risks-expert/ Tue, 07 Sep 2021 17:00:02 +0000 https://www.benefitscanada.com/?p=106897 “Plans are, for the first time in a long time, in a position to off-load risk,” says Murray Wright, one of the contributors to LifeWorks Inc.’s monthly report on Canadian pensions. According to Wright, the principal of retirement and financial solutions at LifeWorks, pension chief financial officers are paying particular attention to one number found […]

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]]> CIA updating guidance for pension windup, solvency valuations https://uat-cumulus.benefitscanada.com/pensions/governance-law/cia-updating-guidance-for-pension-windup-solvency-valuations/ Thu, 05 Aug 2021 13:00:41 +0000 https://www.benefitscanada.com/?p=105091 The Canadian Institute of Actuaries is updating its process for releasing guidance regarding assumptions for hypothetical pension windup and solvency valuations. For quarterly guidance relating to periods from March 31 to Dec. 30, June 30 to Dec. 30 and Sept. 30 to Dec. 30, an explanatory report providing supporting material will be issued after the […]

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