Stephanie Kalinowski Mentioned in Benefits and Pensions Monitor on Target Benefit Plans
Hicks Morley’s Stephanie Kalinowski participated in a panel discussion on “Responding to Change, Planning for the Future: Bargaining Workplace Pension Plans, Addressing an Expanded CPP” at the Lancaster House ‘Pensions Conference,’ held in association with the Centre for Industrial Relations and Human Resources at the University of Toronto. The perspective that Stephanie shared during this presentation was featured in the Benefits and Pensions Monitor on November 29, 2017.
Stephanie posed the question of what the landscape would look like if there were more options available, such as target benefit plans. “Right now, it is DB [Defined Benefit] or DC [Defined Contribution] with little else. Having the target benefit option could be the difference when the union wants to keep the DB plan and the employer wants to move to a DC” she said. “A target benefit option may be enough of a compromise as the employer gets cost certainty and employees get longevity and the idea of a payment for life.”