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New B.C. Defined Benefit Funding Rules and Single Employer Target Benefit Plans
Last week the B.C. government announced new defined benefit (DB) plan funding rules that take effect December 31, 2019. Some might say that these changes have been long overdue given that the past regime’s heavy focus on solvency is a main cause of DB plans being less prevalent in the private sector. Read full entry
Supreme Court Reaches Decision in ICBA Case
On July 3, 2018, the Supreme Court of British Columbia completed its judicial review of a prior decision by the Information and Privacy Commissioner of B.C. Read full entry
Target Benefit Plans: Use of Surplus
On August 12th last year, we posted an article on our blog “New Funding Rules for Target Benefit Plans”, in which we reviewed the new funding rules that will apply to the collectively-bargained multi-employer pension plans that elect to convert to target benefit plans. Read full entry
New Funding Rules for Target Benefit Plans
Trustees of multiemployer pension plans have waited a long time for new pension funding rules. The new B.C. Pension Benefits Standards Regulation, released in May, puts the 2012 B.C. Read full entry
Summary of Bill C-377
On June 30, 2015, Bill C-377 received royal assent from the Senate. The attached memo discusses the potential impact this new legislation will have when regulations come into force. Read full entry