A look at pension reforms from coast to coast

Provincial, federal governments strengthened DB funding standards, improved benefit security

Among Canada’s 11 jurisdictions, there is almost always some pension reform in the works. After the economic crisis of October 2008, which hit an already badly stressed private pension system, governments across the country began to work in earnest. Many provided temporary solvency funding relief to sponsors of defined benefit (DB) plans. Permanent reforms also began to take shape in 2010.

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