Retirement

• Buck Outlook: August 2008

  Keynote articles in the August 2008 issue of Buck Outlook discuss incentives as rewards for working safely, the ODP competitive agreement initiative and remaining issues relating to mandatory retirement.

• Aon Forum August 2008

  This issue of the Aon Forum discusses a variety of features of the new Tax free savings account including using a TFSA to pay health costs during retirement.

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• Standardized DC fee model is required

  Canada does not fare well in an international score card for disclosure of fees in defined contribution plans included in a new research paper from the Rotman International Centre for Pension Management.

• Five minutes on ... why mandatory retirement is not dead yet

  In this weeks podcast, Hicks Morley partner Michael Hines explains why mandatory retirement is still permissible in certain circumstances, in light of the recent Supreme Court of Canada decision in New Brunswick (Human Rights Commission) v. Potash Corporation of Saskatchewan.

• Eckler Special Notice higlights pension changes

  In an Eckler Special Notice three significant pension plan changes looming on the horizon are discussed.

• Quebec pension changes negates QCA ruling in Multi-Marques

  In addition to the Regie des rentes seeking leave from the Supreme Court of Canada to appeal the Quebec Court of Appeal decision in Multi-Marques Distribution, the province has passed statutory amendments that will effectively negate the court's ruling that a pension plan can provide that member benefits payable on wind up are conditional on full funding of these benefits.

• National DC plan proposed

  A model for a national defined contribution program addresses lack of pension plan coverage for 3.5 million Canadians and the high cost of retirement saving for the 5.5 million who are investing in retail mutual funds.

• Risk management is built into Quebec member-funded pension plans

  Good risk management that minimizes volatility of employee contributions will be critical to the success of two new member-funded pension plans enabled by recent amendments to regulations under Quebec pension legislation.

• Retiree benefits grow up

  To better cope with medical inflation and the financial impact of generous retiree benefit promises, some organizations are developing pared down, more sophisticated programs that are better aligned with both business realities and the needs of today's active seniors.

• Investing for the rest of your life: Retirement portfolios need dynamic investment strategies

  Most capital accumulation plan sponsors are focused on how to best deliver investment education to employees in the accumulation phase while they are still actively at work. However, few if any have considered the need to help older workers develop practical investment strategies for their nest egg in the decumulation period after retirement.

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• 2008 EI and CPP/QPP premiums are released

  Canadian employers and their employees will pay lower Employment Insurance premiums in 2008, and there will be no increase in CPP/QPP contribution levels. Employment Insurance

• "Five minutes about managing vacation envy" with Ceridian's Estelle Morrison

  Summer is almost over, and yet many Canadians have still not used up any of their annual vacation days. In this week's podcast, Ceridian Director of Health Management Estelle Morrison discusses managing the "vacation envy" of those who didn't get away, and practical strategies for employers who want to ensure their employees get regular R&R.

• Salary budgets in Canada, U.S. continue to climb

  Results from the 35th Annual WorldatWork Salary Budget Survey, the largest survey of its kind, show pay budgets growing steadily from 2008 to 2009 in the U.S. and Canada.

• Implications of the ABCP plan for pension plan administrators

  If pension plans holding asset-backed commercial paper suffer losses, how will plan administrators be affected by the releases in the ABCP Plan, assuming the Ontario Court of Appeal ruling approving the Plan stands?

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