Pension Legislation

News and reports on current legislation effecting retirement income.

An oft-heard criticism of the federal government’s Pooled Registered Pension Plan (PRPP) is that it isn’t a pension plan at all. Rather, it’s another capital-accumulation vehicle much like DC plans and RRSPs. There’s a good reason for that, says James Pierlot, a pension specialist and founder of Pierlot...

Driven by a determination to provide the means for a secure retirement for millions of Californians currently without one, State Senator Kevin de León is a stroke of the pen away from seeing his vision become a reality. His bill to establish a low-cost, pooled-investment plan managed by the state cleared the state...

When voters in San Diego backed a proposition to move public employees from a DB pension plan to a 401(k) scheme, it seemed a clear sign citizens, or at least those who worked in the private sector, were turning away from a traditional and proven method of providing retirement security.However, that view was turned...

July 6, 2012 - Tyler Meredith, research director at the Institute for Research on Public Policy (IRPP), and Robert Brown, former president of the Canadian Institute of Actuaries (CIA), join with other pension experts in warning a retirement crisis is heading our way, one that left unresolved will see a growing number...

The solution, he told the Alliance for Retirement Income Adequacy (ARIA), is both available and simple. A bigger CPP and Quebec Pension Plan (QPP) would fill the gap being created by the loss of so many DB plans, and would provide secure income to all working Canadians during their retirement years.

“The unfortunate fact is that DC pensions generally haven’t increased their contributions and are instead a lot less adequate than they were expected to be a decade ago. This is a failure rather than a success of DC pensions.”