Ottawa increased pension limits, but top-ups for top earners still needed

By Gerry Schnurr
|Canadian HR Reporter|Last Updated: 09/02/2003


here was speculation early in 2003 about a meaningful increase to the maximum pension allowed under defined benefit registered pension plans. And while the federal government increased limits in its budget at the beginning of the year, HR professionals who may have wondered if they still need compensation schemes to supplement retirement plans for top earners will find little has changed. Reviewing pension top-ups is likely in order, with federal changes taken into account.

Pension limits and a Supplementary Employee Retirement Program (SERP)