BMKP Sidebars

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A Made-in-Canada Plan: Pension and Benefit Highlights from the 2023 Federal Budget

April 04, 2023

Justin Trudeau’s Liberal Government has released its seventh budget, Budget 2023. The Budget, titled A Made-in-Canada Plan: Strong Middle Class, Affordable Economy, Healthy Future, was tabled by Deputy Prime…Read More

Sidebar

Employer Entitled to 100% of Pension Plan Surplus

November 30, 2022

Authors
Jennifer
Agnew

As far as pension matters go, dealing with surplus funds is a good “problem” for an employer to have. When excess assets remain in a pension fund after all pension benefits have been paid to plan members, that surplus may be paid to the employer, paid to plan members, or shared between the employer…Read More

Sidebar

Moving Beyond the Pandemic: Pension and Benefit Highlights from the 2022 Federal Budget

April 13, 2022

On April 7, 2022, Justin Trudeau’s Government released its sixth budget, called A Plan to Grow Our Economy and Make Life More Affordable (Budget 2022). Budget 2022 is the first “post-pandemic” budget…Read More

Sidebar

Everyone makes (DC contribution) mistakes. Soon it will be easier to fix them.

March 10, 2022

Authors
Jennifer
Agnew

The federal government is preparing to inject a welcome dose of flexibility into the administration of defined contribution (DC) registered pension plans. DC pension plans are becoming the predominant plan design among private sector employers.…Read More

Sidebar

Temporary DB Plan Funding Relief Introduced in Ontario

September 23, 2020

Authors
Terra
L. Klinck
Jennifer
Agnew
Jason
R. Paquette

On September 21, 2020, the Ontario Government filed Regulation 520/20 under the Ontario Pension Benefits Act (“Ontario PBA”), which offers temporary short-term funding relief to eligible employers to assist with cashflow constraints during the COVID-19 crisis. Eligible employers…Read More

Sidebar

COVID-19: Cross-Canada Updates for Pension Plan Administrators

September 08, 2020

Updated as of: September 8,2020 (9:00 am ET) Pension regulators and governments across the country have responded to the COVID-19 pandemic. While relief efforts to date vary by jurisdiction and are generally limited by existing pension legislation and regulations, it is clear that…Read More

Sidebar

COVID-19: Cross-Canada Pension Updates for Employers

August 04, 2020

Updated as of: August 4, 2020 (9:00 am ET) Pension regulators and governments across the country have implemented a variety of initiatives in response to the COVID-19 pandemic. This Sidebar focuses on employer funding relief initiatives, including a summary of novel solvency…Read More

Sidebar

A New Agreement Respecting Multi-Jurisdictional Pension Plans is in Force

July 20, 2020

Authors
Terra
L. Klinck
John
Prezioso
Jason
R. Paquette

On July 1, 2020, the new Agreement Respecting Multi-Jurisdictional Pension Plans (the “2020 MJPPA”) came into force. The 2020 MJPPA has been adopted federally and by every province that has a pension regulator, other than two (Manitoba and Newfoundland and Labrador). Widespread adoption of the 2020…Read More

Sidebar

Helpful Changes are on the Horizon: Ontario Pension Reform Update

December 02, 2019

In recent weeks, a number of changes applicable to Ontario-registered pension plans have been introduced, including the following: On October 28, 2019, the Ontario Legislature introduced Bill 132, Better for People, Smarter for Business Act, 2019 (“Bill…Read More

Sidebar

The Wildman Case - U.S. Court Provides Practical Guidance On Fulfilling Pension Fiduciary Duties

September 16, 2019

Authors
Elizabeth
M. Brown
Terra
L. Klinck
Jason
R. Paquette

The 2019 decision of the U.S. District Court for the Western District of Missouri in Wildman v American Century Services, LLC1Read More