With the publication of draft regulations to support recent amendments to the Pension Benefits Act (PBA), the PBA will soon expressly permit…
Practice Area: Pensions, Benefits & Compensation
Ontario Hospital Association (OHA): Guiding Principles in Developing an Executive Compensation Program
On September 6, 2016, the Ontario government released the Executive Compensation Regulation that applies to broader public sector employers, including hospitals. This webcast will provide an overview of how to develop a compensation program and delve further into components of the Regulation. It will outline how to be in compliance with the government’s requirements under the…
EI Regulations Amended, Implementing Reduced One-Week Waiting Period
As expected, key amendments to the federal Employment Insurance Act reducing the Employment Insurance (EI) waiting period from two weeks to one week were proclaimed in force effective January 1, 2017…
New Definition of “Spouse” in Ontario to Affect Plan Administration, Insurance & Succession Rules
Pending legislative changes to the definition of “spouse” in Ontario are set to impact pension plan administration and insurance claims in Ontario, further to amendments recently enacted by Bill 28, All Families Are Equal Act (Parentage and Related Registrations Statute Law Amendment), 2016…
The Reduced EI Waiting Period: What Employers Need to Know
A reduction to the EI waiting period is expected take effect January 1, 2017. Supplemental unemployment benefit and top-up plan administration will be immediately affected, and short-term disability and sick leave plans may also be impacted. Are you prepared?
Post-Retirement Benefits Changes Affecting Members of the Ontario Public Service
On November 11, 2016 the government of Ontario and the Ontario Public Service Employees Union (OPSEU) reached an agreement regarding post-retirement benefits (PRBs) for members of the OPSEU Pension Plan. The Ontario government subsequently announced that the terms of that agreement would be extended to members of the Public Service Pension Plan (PSPP), subject to…
Advantage CPD: The Future is Now – Pensions & Benefits Remastered
In this session, we will provide clients with information and strategies to assist them in their roles as employers or plan administrators to plan for key near term changes relating to pensions and benefits…
Ontario’s Bill 70: The New Face of Pension Regulation Revealed
On November 16, 2016, the Ontario government introduced Bill 70, Building Ontario Up for Everyone Act (Budget Measures), 2016 (Bill 70). Bill 70 is omnibus legislation that includes various pension-related initiatives, including substantive changes to certain pension minimum standards…
Ontario Proposes Significant Overhaul of Pension Regulatory Framework
On November 16, 2016, the Ontario government introduced Bill 70, Building Ontario Up for Everyone Act (Budget Measures), 2016, omnibus legislation that would, among other things: enact the Financial Services Regulatory Authority of Ontario Act, 2016 to establish a new framework for the creation of the Financial Services Regulatory Authority of Ontario (FSRA), replacing both…
ACPM Federal Council: Marriage Breakdown – Solving the Puzzle
Dividing pension assets following a marriage breakdown is a major headache for Canadian pension plan administrators. Recent pension reforms across Canada have only added to the complexity of this task…