Practice Area: Pension, Benefits & Executive Compensation

Marshall Consultation Paper on Ontario Pension Solvency Funding Framework Released

· 3 min read

Ontario registered defined benefit (DB) pension plans must be funded on the greater of a going concern or solvency basis, as we outlined in our recent FTR Now Ontario Pension Solvency Funding Framework Under Review. Due to the recent, yet prolonged, low-interest rate environment, most DB plans are in a deficit position on a solvency basis, requiring many employers to make large special payments to fund the deficits over a five-year period…

FTR Quarterly – 2016, Issue 1

· 4 min read

In this issue: “Conducting a Benefits Plan Governance Health Check” and “Preparing for the ORPP”

Conducting a Benefits Plan Governance Health Check

· 5 min read

Pension plan governance has long had headline-grabbing status – and most plan sponsors regularly review their governance framework to identify and address any governance gaps. At the same time, employers who sponsor group benefits plans too rarely build regular reviews of their benefits plans into their larger governance responsibilities. They should – because the stakes…

Preparing for the ORPP

· 6 min read

Editor’s Note: Bill 186 passed Third Reading on June 2, 2016, as amended by the Standing Committee on Social Policy. Please read about the amendments in our blog post, ORPP Act Passes Third Reading as Amended by Committee. The Ontario Retirement Pension Plan (ORPP) was first announced in the 2014 Ontario Budget as a major…