Category Archives: Pension

The Trend Towards Immediate Vesting on Pensions

On July 1, 2012, Ontario became the latest province to introduce immediate vesting. Ontario followed in the footsteps of provinces like Manitoba and Quebec in an effort to modernize its pension legislation. Alberta also went to immediate vesting as of September 1, 2014. As a plan sponsor offering a pension plan, it’s important to beContinue Reading

What do you think of the new Ontario Retirement Pension Plan (ORPP)

The Ontario Liberals’ recent majority victory means the Ontario Retirement Pension Plan (ORPP) will soon be a reality. The labour market in Ontario isn’t any different from the rest of Canada – there are the pension have’s and the pension have not’s. Targeting The Pension Have Not’s With each passing year, the number of workersContinue Reading

Defined Contribution Pension Options at retirement

Last week, I look at pension options when you retire with a Defined Benefit Pension Plan.  When you retire from a Defined Contribution Pension Plan, your retirement options are very different than the options from a Defined Benefit Pension Plan.  The pension options you have will depend on a few different things but the biggestContinue Reading

Understanding your Defined Benefit pension options at retirement

There are 2 kinds of pension plans:  Defined Contribution Pensions and Defined Benefit Pensions.  The retirement options will differ depending on the type of pension plan. Related article:  Pension Plans are the foundation of retirement planning For this post we will run through some of your pension options at retirement for Defined Benefit Pension soContinue Reading