Shared risk pensions – Benefits Canada.com

OMERS Sponsors Corp. approves shared-risk indexing, other plan design changes

mschmit — Fri, 26 Jun 2020 04:30:24 +0000

Plan design changes are on the horizon for the Ontario Municipal Employees Retirement System’s primary pension plan. The OMERS Sponsors Corp. board has approved five plan changes. The first three changes are effective immediately and are tied to circumstances related to the coronavirus. The other two are part of the annual plan review, which were […]

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Manitoba Liberals, union concerned with direction of province’s pension proposals

mschmit — Fri, 19 Jan 2018 12:45:02 +0000

Manitoba’s Liberal Party is concerned about a number of pension plan design changes put forth by the province’s Conservative government in a public review earlier this month. “We are extremely concerned about the direction the Pallister government is taking on pensions,” Dougald Lamont, the leader of the Manitoba Liberals, said in an email to Benefits Canada. The […]

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There’s more to New Brunswick’s shared-risk plan story

mschmit — Fri, 02 Oct 2015 08:12:14 +0000

The relatively new New Brunswick shared-risk plan (SRP) model has received a lot of attention and positive publicity over the past year, not only in the province and the rest of Canada but also around the world. However, there are a number of significant shortcomings that have, to date, not been particularly well identified, understood or communicated.

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Coalition for retirement security calls for pension protection

mschmit — Wed, 05 Aug 2015 07:10:14 +0000

The Canadian Coalition for Retirement Security has launched a campaign to push for legislation to protect the earned pension benefits of public and private sector employees and retirees.

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Shared-risk model receives top marks

mschmit — Fri, 09 Jan 2015 07:07:34 +0000

New Brunswick's shared-risk model for pension plans has received the highest grade from the American Academy of Actuaries.

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New Brunswick makes amendments to Pension Benefits Act

mschmit — Wed, 30 Jul 2014 07:06:47 +0000

The Government of New Brunswick reconvened the legislative assembly to make amendments to the Pension Benefits Act that will enable retirees under the Fraser Papers’ pension plans to immediately benefit from increased pension payouts.

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Feds to propose shared-risk pensions: Reports

mschmit — Thu, 24 Apr 2014 06:57:42 +0000

Ottawa plans to propose shared-risk pension plans for crown corporations and federally regulated companies, according to media reports.

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Collaboration leads to affordable pension plan solution

mschmit — Thu, 20 Feb 2014 07:29:51 +0000

When faced with issues regarding the sustainability of its DB pension plan, Saint John Energy, an electrical distribution utility servicing the City of Saint John, N.B., took an innovative approach to implement a leading-edge solution. As a result, Saint John Energy has been able to make changes to its plan design with member approval.

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SRPPs: A new model for pensions

mschmit — Wed, 15 Jan 2014 06:07:37 +0000

Pension reform in New Brunswick can be traced to two highly publicized pension plan failures, which reduced incomes substantially below the level promised by the plans. These events tangibly demonstrated the risks inherent in the current pension delivery model being followed across Canada.

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Steele moves to Osler

mschmit — Fri, 21 Jun 2013 05:22:44 +0000

Jana Steele has left Goodmans and joined Osler as a partner in its pensions and benefits department.

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