Industry committee  It's hard to answer, because the terms “plan sponsor” and “plan provider” usually mean the same person.

Industry committee  In a defined benefit context, there isn't really a plan insurer. Generally, you have the funds in trust, and it's the employer of the employees who is responsible for underwriting the liability. So you're really talking about the employer. And yes, the employer will have more s

Industry committee  Are you asking what the case is if that regulation I referred to is not redrafted? No, my comments don't change, because Bill C-501 is worded in such a way that it can do more than Bill C-9 does by itself.

Industry committee  I'm afraid that would be far too complicated to meet the objectives that employers often have in offering a DB plan.

Industry committee  I can make a couple of observations, first about Bill C-501. The stated intention for Bill C-501 is that the entire deficit become one held by a super-secured creditor. The words in Bill C-501 are less definite. I would say that when you're doing your clause-by-clause, it's ver

Industry committee  CPP is an important pillar of our retirement system. Arguably, it could be strengthened somewhat, but it's a one-size-fits-all. It's an excellent plan that will provide a basic benefit to every Canadian who participates. But there's something special about employer defined benefi

Industry committee  Thank you for the opportunity for Michel and me to speak today. I'm Leigh Ann Bastien. I'm a pension lawyer. I have expertise in pension legislation across Canada, including the Pension Benefits Standards Act, as amended by Bill C-9. Michel St-Germain is a pension actuary. He