News briefs

Federal pensions getting in shape • T’is not the season for bonuses • Smile, you’re on Candid Camera • Pay equity more important than Olympics: Union • Ottawa reviewing labour standards • Best Buy hit by ageism complaint
|Canadian HR Reporter|Last Updated: 01/04/2005

Federal pensions getting in shape


— Canada’s federally regulated pension plans showed improvements on funding deficits in 2004, but aren’t out of the woods yet, according to Ottawa’s financial services watchdog, Nicholas Le Pan, superintendent of financial institutions. About half of the 10 per cent of Canadian defined benefit plans under federal jurisdiction are in deficit but many took steps to deal with the crisis caused by low interest rates and a decline in stock prices, Le Pan told the Economic Club of Toronto last month. “I regard the situation as manageable but tenuous.”

T’is not the season for bonuses