Canada

CANADA - The recently enforced Ontario Municipal Employees Retirement System (OMERS) Act saw the dethroning of the Province of Ontario as the sponsor of the plan.

CANADA - A triennial financial review of the C$98bn Canada Pension Plan (CPP) has concluded the 9.9% contribution rate is sufficient to sustain the plan into the foreseeable future.

CANADA - Trustees of the Canadian Commercial Workers Industry Pension Plan (CCWIPP) vehemently denied charges of investing a reported CAN$225m of the plan's money in questionable ventures.

CANADA - Employee contributions to the Ontario Teachers' Pension Plan (OTPP) will increase by 3.1% of base earnings starting 1 January 2007.

CANADA - The Office of the Superintendent of Financial Institutions (OSFI) has questioned pension plans' commitment and approach to tackling pension fund volatility.

CANADA - The Canada and Quebec pension plans are "perfect examples" of the benefits a common securities regulator would bring to the country, said Jim Flaherty, minister of finance

CANADA - The Ontario Financial Services Tribunal (FST) ruling stating that an employer's claim to surplus in a pension plan must be supported by all historical documentation may have adverse effects on Ontario-registered pension plans for which historical...

CANADA - Staff at the C$96bn Ontario Teachers' Pension Plan (OTPP) returned to work today, ending a strike that lasted more than five weeks.

CANADA - Moving to partial funding or a mixed system has been identified as an ideal way for social insurance schemes to "immunise" themselves against demographic and economic fluctuations.

CANADA - Ontario Teachers' Pension Plan (OTPP) CEO Claude Lamoureux has defended his plan's discount rate, which is widely believed by the industry to be extremely low.