• 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 your plan’s benefits top quartile, bottom quartile, or something in between? How efficient your pension plan’s risk profile is relative to others? Sign up to access the

  • 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 Hua, 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

  • Responsible Investing in 2016

    The Principles for Responsible Investment are an initiative of Mr. Kofi A. Annan, former Secretary-General of the United Nations. In 2005, he invited major global investors to develop a set of general principles for good conduct with a specific focus on responsible investment. As of February 2017, the PRI has 1,685 signatories from over 65

  • 2017 Guide to Government Benefits in Canada

    This guide was specifically designed to provide pension and group benefits plan sponsors with convenient access to information on the publicly-funded benefits specific to the province of residence of their plan members. The 2017 Guide includes information on changes to the Canadian Pension Plan, Old Age Security, Guaranteed Income Supplement, Employment Insurance, Federal and Provincial

  • 2017 Federal Budget Highlights

    On March 22, 2017, Minister of Finance Bill Morneau presented the 2017 Canada Federal Budget titled Building a Strong Middle Class.  The second budget from the Liberal federal government focuses on working middle-class families with children with changes to federal government benefits and tax credits. Budget 2017 provides additional details about investments promised in the previous

  • Notes on the British Columbia and Alberta Provincial Budgets

    On Tuesday, February 21, 2017, Finance Minister Michael De Jong delivered British Columbia’s fifth consecutive balanced budget.  On Thursday, March 16th, Alberta Finance Minister Joe Ceci delivered the 2017 Provincial Budget, which contains a number of provisions aimed at providing relief for Albertans despite a projected $10.3 billion deficit.   Both budgets highlighted a number of