In this issue: “Conducting a Benefits Plan Governance Health Check” and “Preparing for the ORPP”
Practice Area: Pensions, Benefits & Compensation
Conducting a Benefits Plan Governance Health Check
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
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…
Ontario Pension Solvency Funding Framework Under Review
Ontario registered defined benefit (DB) pension plans must be funded on the greater of a going concern or solvency basis…
Court Rules that Education Act Authorizes Payment of Post-Retirement Benefits to Retirees Over Age 65
The Divisional Court has ruled that two school boards have authority under the Education Act (Act) to…
Federal Post – Third Edition
Along with the arrival of spring, we are pleased to bring you the first Federal Post edition of 2016, our newsletter designed exclusively for federally regulated employers…
Countdown to ORPP: Ontario Tables New Implementation Legislation
Long-awaited Ontario Retirement Pension Plan (ORPP) legislation was introduced on Thursday, April 14, 2016, which, if passed in its present form, will provide the statutory framework and timeline for full ORPP implementation by January 1, 2020…
Ontario Budget Bill 2016 Passes
On April 13, 2016, the Ontario government passed Bill 173, Jobs for Today and Tomorrow Act (Budget Measures), 2016, omnibus legislation giving effect to initiatives contained in the Ontario Budget 2016. See our FTR Now of February 29, 2016, Ontario Budget 2016, for a detailed discussion of those initiatives of interest to employers, human resources professionals and…
Ontario Tables New ORPP Implementation Legislation
On April 14, 2016, the Ontario government announced the introduction of new Ontario Retirement Pension Plan (ORPP) legislation.
Federal Budget 2016
On March 22, 2016, the federal government tabled its 2016 Budget, Growing the Middle Class (Budget). While certain key legislative initiatives are already underway in respect of reforms to the federal labour regime…