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A CALL FOR COMPROMISE
Ari Kaplan May 2016 | Benefits Canada
Employers urged to embrace dialogue as a way to avoid legal pitfalls of pension innovation
Canada’s workplace pension system is going through a recalibration due in part to an aging population and demographic shifts, declining coverage and unpredictable financial markets.
None of these is the fault of employers, unions or pensioners.
BEWARE THE LITIGATION RISK IN CONVERTING PENSION PLANS
Julius Melnitzer May 2016 | BenefitsCanada
As the drive towards target-benefit pension plans continues to make headway in Canada, litigation risk for their sponsors is on the rise. The jurisprudence is still embryonic in Canada but it’s instructive. “Canadian stakeholders need to examine the jurisprudence to get an indication of the trends and concerns that may affect them,” says Kathryn Bush, a pension lawyer and partner at Blake Cassels & Graydon LLP in Toronto. “It’s important to remember there are not many people who actually convert voluntarily.”
Latest news- Dernières Nouvelles
On April 27, 2016, Chief Justice David Smith ruled that Pension Coalition NB could bring it's motion for Representation Order in Fredericton, on July 12, 2016. That motion will seek to confirm that the Coalition represents the interests of all 13,700 pensioners affected by the introduction of the new Shared Risk Pension Plan, which replaced our former PSSA plan. The judge also left open the possibility of a similar motion for a representation order to be brought by the Levesque case lawyer at a subsequent date.
Richer Canada Pension Plan going ahead, amid questions of New Brunswick's struggling economy - Telegraph Journal
ADAM HURAS Telegraph Journal March 28, 2016
Beauséjour MP and House Leader Dominic LeBlanc says it’s not the federal government intention to “impose” a richer Canada Pension Plan on the provinces.
But LeBlanc believes an enhancement will soon go ahead - with the support of the provinces.
The federal government wants to enhance the CPP by the end of the year - even as questions remain as to whether New Brunswick’s struggling economy can handle any changes to how much employees and employers contribute.
Brief to Federal Finance Committee-Proposed Enhancements/Bref Ameliorations - Cttee Federal des Finances
Here is the brief that was presented recently by Bernard Dussault, former chief actuary of Canada Pension Plan and friend of the Coalition, to the federal finance committee. The Brief highlights various measures to enhance income security for seniors in Canada. We thought this may be of interest to you.
Pension Coalition NB
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Vous trouverez ci- bas, un bref présenté par M. Bernard Dussault, ancien actuaire en chef du Régime Canadien de Pension (CPP), et ami de la Coalition. Ce bref a été déposé récemment auprès du Comité fedéral des Finances et suggere diverses mesures, afin d' améliorer la sécurité du revenu pour les personnes agés.
Pension Coalition NB