• Harmonization of the QPP with the Canada Pension Plan (CPP) and Other Amendments to Retirement-Related Legislation

    On November 2, 2017, Québec’s Minister of Finance, Carlos Leitão, introduced Bill 149: An Act to enhance the Québec Pension Plan and to amend various retirement-related legislative provisions in the National Assembly. The main proposal of the Bill is to implement, as of January 2019, an enhancement to the Québec Pension Plan (QPP) similar to that of the Canada Pension Plan

  • Investment Solutions and Other Risk Optimization Strategies (Online Seminar)

    Discover how your plan can: Achieve a higher return/benefit for the same level of risk. Maintain the same level of benefits with lower risk. Optimize risk to the benefit of your members. Sign up to access the recording of our last seminar:

  • Provincial Budgets 2017: Revised BC Budget

    On September 11, 2017, British Columbia’s new Finance Minister Carole James presented a revised budget. Budget 2017 Update (the “Budget”) remains a balanced budget while including new programs and additional spending focused on education, social assistance, the opioid crisis, and housing affordability.  The revised Budget also includes changes to the previously announced MSP premium reduction

  • The PBI Canadian Pension Solvency Index for the Period Ending June 30, 2017

    The PBI Canadian Pension Solvency Index illustrates the development of solvency positions for a sample pension plan. Canada’s GDP rose an annualized 3.7% during the first quarter of the year with strong growth in consumption, residential construction, inventories and fixed investment, which outweighed negative net exports.  Canada continues to lead the G7 countries in GDP

  • Ontario Government Announcement: Making Workplace Pension Plans More Sustainable

    On May 19, 2017, Ontario’s Ministry of Finance announced its proposed new defined benefit (DB) pension plan funding framework as well other amendments to be made in a legislation to be introduced in the fall.  It applies to single-employer DB plans, but not to multi-employer pension plans (MEPPs) and jointly sponsored pension plans (JSPPs).  The

  • Provincial Budgets 2017: Ontario

    On April 27, 2017, Ontario Finance Minister Charles Sousa presented the 2017 Ontario Budget, A Stronger, Healthier Ontario (the “Budget”).  This budget is the first balanced budget since 2008, yet it includes new programs and additional spending focused on health, infrastructure, and housing affordability matters.  The Budget also includes some equivocal announcements on pension matters. 

  • Highlights From the Apples & Oranges MEPP Benchmarking Study Revealed (Online Seminar)

    Would you like to know how your pension plan’s benefit and contribution rates compare to other plans? Is your plan getting the biggest bang for the buck?  Are the benefits top quartile, bottom quartile, or something in-between? How efficient your risk profile is relative to others? Sign up to access the recording of our last

  • Summary of PBI’s Seminar Revealing MEPP Benchmarks Published in Benefits and Pensions Monitor

    Survey Reveals MEPP Benchmarks Article written by Nisha Singh and Nellie Huang, consultants at PBI Actuarial Consultants Ltd., published in the Benefits and Pensions Monitor Online. Extract The average employer/employee contribution to a multi-employer pension plan is $4.26 per hour, says H. Clare Pitcher, of PBI Actuarial Consultants. Speaking at its ‘Apples & Oranges: MEPP/TBP

  • Article on the Benefits of Benchmarking MEPPs/TBPs Published in the Benefits and Pensions Monitor

    SEVEN REASONS WHY YOU SHOULD BENCHMARK YOUR MEPP/TBP Article written by Nisha Singh and Nellie Hua, consultants at PBI Actuarial Consultants Ltd., published in the Benefits and Pensions Monitor Online. Extract Benchmarking is a very effective tool often used in the business world to compare things. It lets you know exactly where you stand. In particular,

  • The PBI Canadian Pension Solvency Index for the Period Ending March 31, 2017

    The PBI Canadian Pension Solvency Index illustrates the development of solvency positions for a sample pension plan. Canada’s GDP during the fourth quarter of 2016 grew at an annualized 2.6% following last quarter’s strong 3.8% growth.  Canadian GDP growth only started to slow down as oil prices started declining in 2014.  In fact, 2015 and