ACPM Responds to Release of Nova Scotia Pension Review Panel Report



    TORONTO, Feb. 2 /CNW/ - The Association of Canadian Pension Management
(ACPM) is very pleased that the Nova Scotia Pension Review Panel has completed
its assigned mandate and has now provided the Nova Scotia government with a
report regarding pension reform in the province. As was the case with the
recent release of a similar pension Report by the Ontario Expert Commission on
Pensions (OECP) and that of the Joint Expert Panel on Pension Standards
(JEPPS) in Alberta and British Columbia, ACPM will now be reviewing the
content of the Nova Scotia Report with equal interest over the coming days.
    ACPM, like many other stakeholders, has been very committed to this
review process, having made both written and verbal submissions, providing the
Panel with its perspectives on pension reform.
    "Chair Bill Black, together with fellow panellists Ronald Pink and Dick
Crawford, are to be commended for their tireless efforts addressing the
difficult issues affecting the pension systems in Nova Scotia", said Scott
Perkin, President of the ACPM. "We encourage the government in Nova Scotia to
initiate further discussions with stakeholders in order to advance joint
pension reform in the province".
    The Association of Canadian Pension Management is the informed voice of
Canadian pension plan sponsors, plan administrators and their allied service
providers. Established more than three decades ago, ACPM has over the years
gained a solid reputation as being an outspoken advocate for an effective and
fully sustainable retirement income system in Canada.
    ACPM's Individual Members and Institutional Members alike are drawn from
all of the various industry sectors. They represent approximately 3 million
plan members of more than 300 pension plans with total assets in excess of
$300 billion.

    ACPM promotes its vision for the development of a world-leading
retirement income system in Canada by championing the following principles:
    
    -  Clarity in legislation, regulations and retirement income
       arrangements;
    -  Balanced consideration of other stakeholders' interests;
    -  Excellence in governance and administration.
    




For further information:

For further information: Marie Bordeleau, Acting Communications
Director, ACPM, (416) 964-1260, Ext. 226, marie.bordeleau@acpm.com

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Association of Canadian Pension Management

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