• Changes to Tax Legislation Regarding U.S. Real Estate Investments

    In December 2015, the U.S. government revised the tax treatment of property investment for foreign investors, including Canadian pension plans, through changes to FIRPTA. Prior to modification of FIRPTA, gains from the sale of real estate assets in the United States were subject to different taxes that reduced net returns earned by foreign investors, including

  • Socially Responsible Investing in 2015

    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 2016, the PRI has 1,481 signatories from over

  • 2016 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 2016 Guide includes information on changes to the Canadian Pension Plan, Old Age Security, Guaranteed Income Supplement, Employment Insurance, Federal and Provincial

  • Provincial Budgets 2016: Ontario

    On February 25, 2016, Ontario Finance Minister Charles Sousa presented the 2016 Ontario Budget, Jobs for Today and Tomorrow (the “Budget”). This budget focuses on a series of initiatives to help strengthen retirement security in the province. The Budget includes boosts to health spending in a number of areas, raises the cost of some drugs for

  • Summary of Avinash Maniram’s Presentation on Coping with Sedentary Lifestyles Published on the IFEBP’s Blog

    Avinash Maniram, Group Benefits Consultant at PBI,  presented “Is Sitting the New Smoking? Coping With Sedentary Lifestyles” at the 2016 Canadian Health and Wellness Innovations Conference. A summary of his presentation was published on the blog of the International Foundation of Employee Benefits Plans (IFEBP). Please click on the following link to view the article

  • Ontario Releases Further Details on ORPP

    On January 26, 2016 the Ontario Government announced further details regarding the design of the Ontario Retirement Pension Plan (ORPP). The released details, combined with details that were released last August, will help employers prepare for the implementation of the ORPP, beginning on January 1, 2017. The details include information on the structure of benefits, compliance

  • Article Explaining Pension Plan Stochastic Modelling Published in Benefits Canada

    The ups and downs of stochastic modelling Article written by Julia Friesen, Analyst at PBI Actuarial Consultants Ltd., in collaboration with Charles Manty, Investment Consultant, published in Benefits Canada. Extract Are you interested in forecasting your pension plan’s funded position? If so, read on. In fact, you can even determine your plan’s expected average contributions

  • Article on Currency Exposure for Canadian Pension Plans Published in the Benefits and Pensions Monitor

    A Look at Currency Exposure for Canadian Pension Plans Article by Michel Charron, Investment Analyst at PBI Actuarial Consultants Ltd., published in the Benefits and Pensions Monitor Online (BPM). Extract Currency issues for institutional investors It has already been over a decade since changes in foreign investment regulations have allowed Canadian pension plans to increase

  • The PBI Canadian Pension Solvency Index for the Period Ending December 31, 2015

    The PBI Canadian Pension Solvency Index illustrates the development of solvency positions for a sample pension plan. Despite briefly returning to positive GDP growth in Q3, all signs are pointing to a weakening economy in the closing quarter of 2015 as Canada continues to struggle in an environment of low commodity prices and growing pessimism

  • Addressing Underfunded Pension Plans with Contingency Reserves

    How well-funded is your pension plan?  A pension plan’s funded status is an indication of its financial health.  Most plans’ funded positions were adversely affected by the economic crisis of 2008 but have improved since then.  This article will help you better understand pension funding deficits, what caused them, and how to avoid them moving