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ARTICLE · 08 DECEMBER 2023

Key Takeaways From The 2023 Pension & Benefits Seminar

McCarthy Tétrault
McCarthy Tétrault
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McCarthy Tétrault

McCarthy Tétrault

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On November 29, 2023, pension experts at McCarthy Tétrault came together to host the firm's 13th Annual Pension & Benefits Seminar.

CanadaEmployment and HR
Susan Nickerson
Susan Nickerson
Julia Miller
Julia Miller
Deron Waldock
Deron Waldock
Cristelle Sary
Cristelle Sary
Gregory Winfield
Gregory Winfield
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On November 29, 2023, pension experts at McCarthy Tétrault came together to host the firm's 13th Annual Pension & Benefits Seminar. This annual client-focused event canvasses legal and governance insights as well as key trends in the pensions and benefits industry.

This article highlights the key takeaways from the seminar.

Takeaway #1: Legislative and Regulatory Updates

This has been a busy year for both legislative and regulatory updates affecting Canadian retirement plans.

Positive Updates in 2023 for Plan Sponsors and Administrators

  • Canadian defined benefit pension plans ("DB Plans") are well funded. According to Ontario's Financial Services Regulatory Authority's ("FSRA") Q3 2023 Solvency Report, 85% of Ontario plans are projected to be fully funded on a solvency basis with the median solvency ratio for the quarter reaching 117% – a historic peak. The story is generally the same for DB Plans registered in other Canadian jurisdictions. As funding

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