Pension Advocacy Group Pleased with Alberta and BC Governments' Decision to Review Provincial Pension Legislation



    TORONTO, Oct. 22 /CNW/ - The Association of Canadian Pension Management
(ACPM) is pleased with the Alberta and British Columbia governments' decision
to appoint a Joint Expert Panel on Pension Standards, which will collaborate
to review the two provinces' pension legislation.
    The Expert Panel will consult with stakeholder groups to examine the
legislation that governs Alberta and BC's pension plans in an effort to create
greater harmonization of pension standards between the two provinces. Specific
areas of focus include: encouraging the establishment and maintenance of
employee pension plans while ensuring fairness for both employers and
employees; balancing risks and rewards; and removing barriers to the creation
and maintenance of pension plans in the two jurisdictions.
    ACPM has been working tirelessly to ensure a level regulatory environment
that encourages employers to establish and maintain pension plans that provide
for a secure retirement. To that end, the Association presented a Brief to the
Ontario Expert Commission on Pensions which is currently reviewing the pension
legislation in that province. The Association believes that with broad debate
amongst all stakeholders, a regulatory environment can be created that
encourages, not discourages, the creation and maintenance of occupational
pension plans for the benefit of Canadians.
    "We are very happy with the announcement of this joint review. This,
along with the review already underway in Ontario, represents a significant
step forward for Canada's pension industry. It is a clear indication that
these governments recognize the importance of occupational pension plans, and
the importance of having clear legislation that will allow pension plans to
remain viable and sustainable. The ACPM commends the governments on this
initiative and we will support the work of this Expert Panel in any way we
can," says Scott Perkin, ACPM President.
    Mr. Perkin added that he is "very pleased with the appointment of Chris
Brown as Co-Chair of the Panel. Chris is a former Vice-President and Director
of the ACPM Board. Elaine Noel-Bentley, another Alberta member of the Panel,
was also a long-time member of the ACPM Board and Alberta Council. Both
individuals are respected in this industry and will serve the Panel well."

    About the ACPM

    The Association of Canadian Pension Management (ACPM) is the informed
voice of Canadian pension plan sponsors, administrators and their allied
service providers.
    Established in 1976, the ACPM advocates for an effective and sustainable
Canadian retirement income system through a non-profit organization supported
by a growing membership and a team of volunteer experts. The ACPM currently
has 570 individual members and 23 institutional members across Canada,
representing more than 300 pension plans with assets of over $300 billion and
over 3 million plan members.

    The 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
    

    A complete copy of the ACPM Brief to the Ontario Expert Commission on
Pensions is available at www.acpm-acarr.com




For further information:

For further information: Vanessa Wilson at the ACPM, (416) 964-1260 x
223

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Association of Canadian Pension Management

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