George & Bell Perspectives.
You are viewing articles under the category “Pension and Benefit Plans”:
B.C. Target Benefit Plans: PfAD Suspension Effective December 31, 2019
While it may have gotten lost in the run-up to holiday season, the Order in Council passed on December 18, 2020 to suspend the application of the PfAD to B.C.’s Read full entry
Revised Draft Legislative Proposals for ELHTs
Budget 2018 saw the federal government propose legislative changes to the section of the Income Tax Act governing Employee Life and Health Trusts (ELHTs). Read full entry
Should I Take My Commuted Value? Interest Rates, Mortality Tables and Their Effect on Commuted Values
We are often asked by members whether or not they should take their commuted value as a lump sum payout upon termination. Read full entry
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
Essential Tasks of Pension and Benefit Plan Trustees: PBLI Conference Feb, 28, 2018 – Registration Now Open
I will be speaking at Pacific Business & Law Institute’s, “Essential Tasks of Pension and Benefit Plan Trustees,” on February 28, 2018. 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
Are you Joining us in Vegas?
Jeremy, Greg and I will be speaking at the 48th Annual Canadian Employee Benefits Conference in Las Vegas, November 22-25, 2015. 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
Exciting News for George & Bell
George & Bell Consulting (G&B) is pleased to announce a working relationship with John Gilfoyle and David Lee of Strategic Income Security Services (SISS). Read full entry