Pension Legislation

News and reports on current legislation effecting retirement income.

“We think the real retirement security issue in our country is the rapidly declining coverage in the private sector, almost non-existent workplace coverage in the service sector … to the point today that we have 65 per cent of Canadians who went to work this morning, almost 11.5 million of our workforce of almost...

“We have an independent set of assumptions that produce the number 72. 5 per cent rather than 97.5 per cent for the base benefits … and 47 per cent for the ancillary benefits … What really drove the difference in the results was the expected long term returns for each of the asset classes.” – Clare...

“It deals with the fundamental rights of individuals. A pension is deferred compensation. You put money aside and you expect to receive a certain benefit when you retire. If someone changes that it is very difficult for people to adjust,” Soulière told ARIA recently. “It’s a very important issue. The...

“The real concern is what is going to happen to the generations after the boomers who don’t have retirement plans … the long-term strategic view is that something had to be done to rebuild some of the private savings of people who would be retiring after the boomers.” – Will Sandbrook  The search is on for a...

Mark Ranger recalls that day in September when thousands of Quebec municipal workers took to the streets of Montreal to protest Bill 3. The spirit of that day lives on, he says, despite the passing of the bill that unilaterally diminishes retirement benefits. “For the first time you had all the municipal workers in...

The provision of adequate retirement income is more than an academic and policy debate, it’s a real-life topic of conversation and concern around the dinner tables of Ontario, says Mitzie Hunter, the minister in charge of ushering in the province’s new pension plan. When talking to Ontarians, Hunter, the...

Some traditions are just too good to let go. And if they are discarded or replaced with a lesser brand for the sake of convenience, vested interests, or perception, ramifications often follow. Proponents of ditching the traditional defined benefit pension model in favour of a defined contribution savings scheme might...