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Pensions & Benefits Law Blog

Articles: 1-10 of 71

FSRA proposes interpretation level guidance on Pension Benefits Guarantee Fund assessment calculations and deadlines

Canada - March 4 2022 On February 14, 2022, the Financial Services Regulatory Authority of Ontario (FSRA) proposed guidance on…

Ottawa releases draft legislation to fix contribution errors in defined contribution pension plans

Canada - February 15 2022 On February 4, 2022, the Department of Finance released for public comment a set of draft legislative proposals to implement previously announced tax…

OSFI announces intention to release climate risk management guidance

Canada - February 1 2022 On January 14, 2022, the Office of the Superintendent of Financial Institutions (OSFI) announced via press release that it intends to release later…

Bank of Canada and OSFI release findings of joint pilot project on climate change transition risk scenarios

Canada - January 24 2022 Last week, the Bank of Canada (the BoC) and the Office of the Superintendent of Financial Institutions (OSFI) released their joint final report on…

Proposed climate change risk disclosure is good for both pension plan administrators and members

Canada - November 25 2021 On October 18, 2021, the Canadian Securities Administrators (CSA) published for comment Proposed National Instrument 51-107 Disclosure of…

WSIB and OCEU complete first-ever SEPP to JSPP conversion in Canada

Canada - December 17 2020 With current market conditions and a low interest rate environment creating sustainability-related concerns for sponsors of defined benefit (“DB”)…

Bill 213: Possible relief from asset transfer procedures, IPPs free at last, and demystifying the successor pension plan regime

Canada - November 30 2020 On October 6, 2020, the Ontario government introduced in the legislature Bill 213, Better for People, Smarter for Business Act, 2020. Billed as part…

Pension “buy-back restriction” for part-time employees violates Charter

Canada - October 19 2020 On October 16, 2020, the Supreme Court of Canada (the “SCC”) released its decision in Fraser v. Canada (Attorney General) (“Fraser”). Fraser is a…

Ontario implements new funding relief measures for defined benefit plans

Canada - September 28 2020 On September 21, 2020, Ontario Regulation 520/20 (the “Amending Regulation”) which amends Regulation 909 under the Pension Benefits Act (Ontario)…

Electronic communications - A key tool for compliance with disclosure obligations for Ontario plan administrators amidst COVID-19 business disruption

Canada - June 1 2020 The ongoing COVID-19 pandemic continues to cause significant business disruption across all sectors of our society. Pension plan administrators are…