Nisha Singh Quoted in the Benefits and Pensions Monitor on Ontario's Target Benefit Framework

Extract

Meanwhile, Nisha Singh, partner and senior consultant at PBI Actuarial Consultants highlighted unresolved issues such as the continued obligation for multi-employer plans to hold annuity liabilities on their books, even after purchasing annuities, something she hopes will change through ongoing discussions with the Ministry of Finance.

She also sees room for improvement, particularly in extending target benefit plans to single employers. She argued this would provide a better option than group RRSPs or traditional DC plans.

“Yes, defined benefit is your gold standard,” she said, “but when it’s group RRSP, DC, even no plan, we do think this is a better option.”

Please click on the link to view the post as published on the Benefits & Pensions Monitor website: ‘Another tool in the toolbelt,’ Ontario tabled budget enhances DC options