Pensions and Employee Benefits Law Blog 

In recent years, we have seen a noticeable increase in the regulatory focus on risk management to address evolving and growing risks facing pension plan administrators (including cyber security, climate change and investment risks, to name a few):

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CAPSA Draft Risk Management Guideline

In May 2023, the Canadian Association of Pension Supervisory Authorities (CAPSA ...

On June 6, 2023, the BC Financial Services Authority (BC FSA) issued a new guideline on best practices for multi-employer pension plans (MEPPs).

BC FSA advised in its Advisory 23-025 that the MEPP Best Practices Guideline is aimed at informing administrators and stakeholders of best governance practices of MEPPs registered in B.C. It also sets out BC FSA’s expectations ...

The British Columbia government recently introduced changes to the Family Law Act, including amendments to the rules for pension division on relationship breakdown. These changes are part of Bill 17, which received Royal Assent on May 11, 2023.

Among other things, Bill 17 is intended to modernize and provide greater clarity and guidance with respect to pension division in ...

The Pension Benefits Standards Act requires B.C. registered pension plans to conduct triennial plan assessments which assess the administration of a pension plan with respect to compliance with the Act, governance, funding, investment, and the performance of trustees and administrators.

For most pension plans (those with a fiscal year of January to December), the next ...

As part of the Budget Implementation Act, 2021, the federal government announced on November 25, 2022 that Employment Insurance (EI) sickness benefits will be extended from 15 weeks to 26 weeks, effective December 18, 2022.

Employees who qualify and establish a new EI claim on or after December 18 will be eligible for up to 26 weeks of EI sickness benefits and will receive ...