April 28, 2012 Paul Litner. The Canadian Retirement Income System 2.

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Presentation transcript:

April 28, 2012 Paul Litner

The Canadian Retirement Income System 2

Trends in the Canadian Retirement Income System 3

The Need for Pension Reform in Ontario 4

Pension Reforms & Asymmetry of Risk 5

Background to Reforms: Schmidt 6

Pension Reform in Ontario 7

Pension Reform: Surplus Withdrawal 8

9

10

Pension Reform: Contribution Holidays 11

Pension Reform: Contribution Holidays 12

Pension Reform: Partial Wind-Ups 13

Pension Reform: Partial Wind-Ups – Surplus Entitlement 14

Pension Reform: Partial Wind-Ups – Grow-In Benefits 15

Pension Reform: Asset Transfers, Plan Mergers & Plan Splits 16

Pension Reform: Asset Transfers, Plan Mergers & Plan Splits 17

Pension Reform: Asset Transfers, Plan Mergers, and Plan Splits 18

Pension Reform: Plan Funding & Solvency 19

Pension Reform: Plan Funding and Solvency 20

PRPPs: Background 21

PRPPs: Legislative Status 22

PRPPs: Main Features 23

PRPPs: Main Features 24

PRPPs: Main Features 25

The Future of PRPPs in Canada? 26

Target Benefit Plans: The Way of the Future? 27