This is my third blog post in a series on target benefit plans.
In the first post, I discussed the basics of target
benefit plans (TBP), also referred to as defined ambition
plans.
In the second post, I discussed New Brunswick's
shared risk model, a type of TBP. As discussed in that post, New
Brunswick is the first jurisdiction in Canada to implement a
comprehensive TBP regime as a design option for single and
multi-employer plans and union and non-union workforces. (Target
benefits for multi-employer plans already exist in most
jurisdictions.)
In this post, I will discuss the status of single employer TBPs
across Canada – outside of New Brunswick.
In each of Alberta, British Columbia, Nova Scotia and Ontario,
target benefit provisions have been introduced into the
legislation. However, in each case the legislation is not yet in
force and there are no regulations.
