Nov 28, 2017
Osler partner Jana Steele tells The Globe and Mail she sees potential for target benefit plans (TBPs) in companies that are federally regulated with some employees in defined benefit (DB) plans and some in defined contribution (DC) plans. In his article, author Rob Carrick discusses proposed legislation that would cover TBPs and what it could mean for plan sponsors and employees. Jana, a partner in Osler’s Pensions and Benefits Group, explains.
“There may be a willingness to look at the DC component and say, you know what, now that we have this option, let’s talk about bringing them closer to the DB world,” Jana tells The Globe and Mail.
The article also describes the pros and cons of TBPs and examples of certain sectors that have adopted some form of TBPs.
If you subscribe to The Globe and Mail online, read Rob Carrick’s full article “Here’s what Bill Morneau’s pension bill could mean for your retirement.”