Federal budget ups pension plan limitsBy Ian Genno02/20/2003|hrreporter.com|Last Updated: 03/12/2003 Ottawa’s 2003 budget increases limits for tax-assisted retirement savings plans, as well as proposing changes to the employment insurance rate-setting process and announcing further funding for health care. For HR professionals, there are a number of implications arising from these proposals. From a pension perspective, HR managers will need to consider the impact on plan costs, supplemental plan funding or security arrangements, DC RPP payout options, employee communication and plan administration. EI premium costs for 2004 will be reduced, and employers will need to consider how to handle the new compassionate family care provisions. And some help may be on the way in managing the costs of employer-sponsored health-care plans.Tax-assisted retirement savings limits To Read the Full Story, Subscribe or Sign In Remember Me Forgot Password If you are a current Subscriber, please click here to set-up or update your login information.