Sentences with phrase «pension plan legislation»

TPR's powers are not comparable to the position in the US under the US Multi-employer Pension Plan legislation.
For Ontario employers, the CPP agreement means Ontario will not proceed with its much more costly Ontario Retirement Pension Plan legislation according to the Ontario government.
In 1965, with the passing of the Canada Pension Plan legislation, the qualifying age for Old Age Security was reduced from 70 to 65.

Not exact matches

Meanwhile, Quebec has already passed legislation for a pension based on «middle way» principles, which it calls voluntary retirement savings plans.
The Canada Pension Plan Act says that once a sufficient number of provincial governments have indicated support, the federal government can move forward and lock in the reform with an Order in Council — no new Parliamentary debate or legislation is required.
Details on forthcoming pooled retirement pension plans or PRPPs were slim as the feds wait for the provinces to adopt legislation.
The halting quest to expand pension coverage in Canada took a step forward last month when Alberta and Saskatchewan tabled legislation to introduce Pooled Registered Pensionpension coverage in Canada took a step forward last month when Alberta and Saskatchewan tabled legislation to introduce Pooled Registered PensionPension Plans.
Within a year, a Malaysian government pension plan sponsor had invested $ 30 million in Uber and Malaysia's government had passed legislation favorable to Uber, Bloomberg said.
Blogger Canadian Financial DIY has a good post («Pooled Retirement Pension Plan Draft Legislation Revealed — Will PRPP Help?»)
Mr. Harper has promised to introduce legislation, if re-elected, which would prohibit his government from raising personal and corporate income taxes, sales taxes, and employment insurance and Canada Pension Plan premium rates.
In a story buried in the business section of the February 18th NY Times, it was reported that the spending budget passed by Congress included a provision that creates a 16 - member bipartisan congressional committee to craft legislation that would provide for the potential bailout of as many as 200 multi-employer» pension plans.
A Congressional committee has begun the process for writing legislation that may rescue as many as 200 collectively bargained pension plans from insolvency.
The government will introduce legislation for the Pension for Life plan, which will include benefits to support Canada's veterans.
Tedisco said the Majority's plan does not contain provisions for pension forfeiture for convicted felon elected officials who betray their oath of office, term limits for leaders, truth in spending to bring sunlight to state spending in the shadows to end quid pro-quos, or giving rank and file members the ability to bring legislation to the Floor for a vote and diminish the unbridled power that's been given to legislative leaders.
Those issues ranged from a plan to cut taxes for the struggling Vernon Downs harness track in central New York to the proposal to put more speed cameras around New York City schools and legislation related to those who qualify for enhanced accidental disability pension benefits in New York City.
«The governor's plan to reign in the state's out - of - control pension costs is smart legislation that will provide local businesses the kind of tax relief they need,» said Samuels.
«The curious concept of borrowing from the Pension Plan to pay the Pension Plan was proposed by Mr. DiNapoli in May 2009 in the form of legislation, sponsored at Mr. DiNapoli's request in the State Senate by Senator Diane J. Savino (D - Brooklyn - Staten Island) and in the State Assembly by Assemblyman Peter J. Abbatte (D - Brooklyn).
New York's two - year - old Voluntary Defined Contribution (VDC) retirement plan — the most significant structural reform in Governor Andrew Cuomo's 2012 Tier 6 pension legislation — is shaping up as a popular alternative among the relatively small number of government employees eligible to sign up for it.
'' «notes the threats to the future of the Royal Mail and welcomes the conclusion of the Hooper Report that, as part of a plan to place the Royal Mail on a sustainable path for the future, the current six days a week universal service obligation (USO) must be protected, that the primary duty of a new regulator should be to maintain the USO, and that the Government should address the growing pensions deficit; notes that modernisation in the Royal Mail is essential and that investment must be found for it; endorses the call for a new relationship between management and postal unions; urges engagement with relevant stakeholders to secure the Government's commitment to a thriving and prosperous Royal Mail, secure in public ownership, that is able to compete and lead internationally and that preserves the universal postal service; further notes the Conservatives» failure to invest in Royal Mail when they were in power in contrast with Labour's support for both Royal Mail and the Post Office; and notes that legislation on these issues will be subject to normal parliamentary procedures.»
Francisco Moya, seen here on Monday, Feb. 6, 2017, announced Thursday plans to file legislation that would cut ties between the New York pension fund and companies that would profit financially from President Donald Trump's immigration enforcement agenda.
They passed legislation creating a gaming amendment to the state constitution, a new teacher evaluation system, an all - crimes DNA database, pension reform and a legislative redistricting plan.
Also enacted in the same pension legislation, as agreed to in June, was a modified Tier IV pension plan for new hires.
Wilson has criticized legislation adopted by the Senate Tuesday, but advocated by DiNapoli, that provides an optional 10 - year payment plan for a portion of the huge spike in pension payments facing state and local governments next year - from 7.4 percent of payroll to 11.9 percent next year.
THAT NYSUT establish a task force which shall include member - participants in each of the public retirement systems, including the retirement plan trustees, if applicable, to discuss possible methods, including legislation, to harness and use public pension plan resources to improve poor labor practices and to provide workers the right to organize and bargain collectively in enterprises controlled by private equity funds, as well as other corporate interests; and
The other approach is called either a defined contribution (DC) pension plan or a group RRSP — depending on whether it is set up under pension legislation or not.
Details on forthcoming pooled retirement pension plans or PRPPs were slim as the feds wait for the provinces to adopt legislation.
TORONTO — The Ontario government is introducing legislation to create a provincial pension plan, but says its preferred option is still to improve the Canada Pensiopension plan, but says its preferred option is still to improve the Canada Pension Pplan, but says its preferred option is still to improve the Canada PensionPension PlanPlan.
The provincial Liberals passed legislation in April to create the provincial pension plan, which would effectively mirror the CPP for about three million workers.
A LIF account is a form of RRIF to which you may transfer your locked - in retirement funds from a locked - in RRSP (LIRA) or a registered pension plan, if permitted by the pension legislation governing the locked - in funds.
By 2017, all Ontario employees could have access to a secure defined benefit pension plan, thanks to new legislation being tabled by the provincial Liberals.
But this legislation helps envision a future for federally regulated pension plans that falls between the DB and Defined Contribution (DC) pension plan spectrum.
Ottawa is proceeding with its plan to introduce shared risk pension plans in the federally regulated sphere and will likely introduce implementing legislation early in 2015, says minister of state for finance, Kevin Sorenson.
The government will introduce legislation for the Pension for Life plan, which will include benefits to support Canada's veterans.
2016 is the tenth anniversary of the Pension Protection Act, or PPA, which was largely designed to shore up financially troubled defined benefit plans, and their insurer, but the legislation also vastly improved the health of defined - contribution plans including 401 (k) s, now the dominant individual retirement savings vehicle for those Americans who are offered such plans at work, mostly at large companies.
It also reinforces the principle when planning for retirement: we must not assume that current pensions legislation will remain unchanged.
an announcement to introduce framework legislation in the Fall for the introduction of Pooled Registered Pension Plans — workplace defined contribution pension plans administered by financial institutions instead of empPension Plans — workplace defined contribution pension plans administered by financial institutions instead of emploPlans — workplace defined contribution pension plans administered by financial institutions instead of emppension plans administered by financial institutions instead of emploplans administered by financial institutions instead of employers;
Providing legal opinions concerning pension legislation, plan terms and rights of plan members.
«They have committed significant resources to it, including legislation, establishing the framework, studying the contribution levels that should be required, and deciding which existing plans should be considered comparable,» says Susan Seller, partner and head of the national pension and benefits practice at Bennett Jones LLP.
made multiple presentations to Quebec's pension regulator, which ultimately lead to the complete rewriting of that province's pension legislation for multi-employer pension plans
On April 14, 2016, the Ontario government introduced new legislation to launch the Ontario Retirement Pension Plan (ORPP) legislation.
There is also provincial legislation that regulates employer pension plans.
The new policy is important given that new pension legislation will expressly require plan administrators to retain records for prescribed periods.
This legislation implements the federal framework for a new pension option for the millions of Canadians currently without access to a workplace pension plan.
Survivor benefits would have to be payable to the surviving spouse of an Ontario Retirement Pension Plan member in accordance with the legislation.
Additionally, retirement benefits under the Ontario Retirement Pension Plan would have to be indexed to inflation based on the formula set out under the legislation.
The individual does not participate in a comparable workplace pension plan as determined under the legislation
Incorporate many of the rules contained in the federal pooled pension legislation concerning the registration and administration of pooled pension plans, which would apply as if they were enacted as part of this statute (the provisions that would not apply are listed in the Schedule)
On October 15, 2014, the Nova Scotia government introduced legislation that will, if passed into law, permit Pooled Registered Pension Plans (or «PRPPs») in NS:
Prior to 2017, the Ontario legislation said that spousal pension rights under the parent category were triggered if the plan member and his or her partner were «the natural or adoptive parents of a child».
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