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CSA Releases New Guidelines for Disclosing Executive Retirement Benefits
On January 14, 2005, the Canadian Securities Administrators released a Notice which establishes new guidelines for public Canadian companies who may be considering additional, voluntary disclosure of the value of their executives' retirement benefits. It is reasonable to assume that the CSA recommendations will eventually be adopted as mandatory disclosure requirements by provincial securities regulators. As a consequence, companies may want to consider taking action now to develop new reporting procedures.
Ontario Adopts New CIA Standard and
Extends Surplus Regulation
On December 10th 2004, Ontario filed Regulation 386/04, which amends several provisions of the province’s Pension Benefits Act Regulation. Pension plan administrators and sponsors will wish to take particular note of changes in the standard for determining pension commuted values and of the extension of existing rules related to surplus sharing.
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