The introduction of target benefit plan (TBP) legislation for federally regulated employees (Bill C-27) unleashed a flurry of dialogue about the pros and cons of target benefit pension plans for employees and employers. In this webcast, Jana Steele outlines how Bill C-27 compares to other proposed TBP frameworks in the country and examines certain legal issues as well as plan sponsor concerns driving change. Chris Roberts offers a labour perspective, speaking about the concerns of the Canadian Labour Congress (CLC) with the TBP framework as well as the future security and sustainability of pension plans in Canada more generally. Learn more about:
- Bill C-27 and the status of other legislative reforms to allow for the establishment of multi and single employer target benefit pension plans in Ontario, Nova Scotia, British Columbia, Alberta and other provinces
- Legislative provisions allowing for the conversion of defined benefit plans to target benefit
- Pensioners’ and union opposition to target benefit plans.