Ontario Court of Appeal upheld that the government had the legal authority to take the surplus when it passed Bill C-78 in 2000.
Pensions and Retirement Security
Decision fails to set an absolute precedent as the court rules future legal actions of this kind should be treated on a case-by-case basis.
Increasing percentage of mutual fund voting power is being exercised to vote against management
"It is time to fix the problems of workplace pension plans for Canadians."
Toronto (27 September 2010) – The joint federal-provincial pension reform process is not moving fast enough slowly and should include a national forum of regulators and stakeholders, according to a study released last week from the C.D. Howe Institute in Toronto.
This marks four consecutive quarters of growth in pension fund assets
“Ontario teachers support the fight for public water services in the province and teach their students about the urgent need to support the right to water around the world.”
"The BP oil crisis has highlighted the significant financial risks presented by deepwater drilling and, as a fiduciary, we must be concerned about the possibility of future accidents and try to find ways to mitigate these risks."
For the five-year period ended June 30, 2010, the CPP Fund has generated an annualized investment rate of return of 3 percent; for the 10-year period the Fund has generated an annualized rate of return of 5.1 percent.
If a university with the agreement of unions representing the employees, can reform its pension plan, the government will allow it to amortize its solvency deficits over a period of up to 10 years.
Households in the age group 70 and over whose income was ranked in the bottom 20 percent, home ownership raised incomes, on average, by 20 percent.