These are among the subjects included in the current issue of the
Morneau Shepell News & Views, a monthly publication dedicated to
providing insights to its clients in Canada
TORONTO, April 23, 2014 /CNW/ - Morneau Shepell examines proposed
provincial changes to pension legislation and a drop in prescription
drug costs in the current issue of its newsletter, News & Views.
QUÉBEC - DRAFT REGULATION FOR VOLUNTARY RETIREMENT SAVINGS PLANS (VRSP)
- The Autorité des marchés financiers du Québec (AMF) and the Régie des
rentes du Québec (RRQ) each recently published draft regulations for
voluntary retirement savings plans (VRSPs).
QUÉBEC -DRAFT REGULATION TO AMEND THE REGULATION FOR SUPPLEMENTAL
PENSION PLANS - Along with the draft Regulation respecting voluntary retirement
savings plans described above, a draft Regulation to amend the
Regulation for supplemental pension plans was published in the March
12th Gazette officielle du Québec.
PRICE REDUCTIONS FOR PRESCRIPTION DRUGS - Through the Pan-Canadian Competitive Value Price Initiative for
Generic Drugs, the Council of the Federation announced that the prices
of four more prescription drugs will be limited to 18 per cent of the
brand name price effective April 1, 2014.
CAPSA RELEASES DC PENSION PLANS GUIDELINE IN FINAL FORM - On March 28, 2014, the Canadian Association of Pension Supervisory
Authorities (CAPSA) released the "Defined Contribution Pension Plans
Guideline" (DC Guideline) in final form.
NEW BC WILLS, ESTATES AND SUCCESSION ACT AFFECTS BENEFICIARY
DESIGNATIONS - On March 31, 2014, the new Wills, Estates and Succession Act came
into force in British Columbia. The Act helps to simplify and codify
the rules affecting wills and estates. Previously, such rules were
scattered among various pieces of legislation and, in some cases,
unclear or ambiguous.
MARKET INDICES - Monthly summary of returns from various market indices such as the
TSX Group / PC Bond Indices and Canadian, U.S. and Foreign Equity
Indices. Also includes returns from benchmark portfolios used by
TRACKING THE FUNDED STATUS OF DEFINED BENEFIT PENSION PLANS - Impact of past returns on plan assets and the effect of interest rate
changes on solvency liabilities.
IMPACT ON PENSION EXPENSE UNDER INTERNATIONAL ACCOUNTING - Expense impact for a typical defined benefit pension plan.
About Morneau Shepell Inc.
Morneau Shepell is the largest company in Canada offering human
resources consulting and outsourcing services. The Company is the
leading provider of Employee and Family Assistance Programs, as well as
the largest administrator of retirement and benefits plans and the
largest provider of integrated absence management solutions in Canada.
Through health and productivity, administrative, and retirement
solutions, Morneau Shepell helps clients reduce costs, increase
employee productivity and improve their competitive position.
Established in 1966, Morneau Shepell serves more than 9,000 clients,
ranging from small businesses to some of the largest corporations and
associations in North America. With approximately 3,300 employees in
offices across North America, Morneau Shepell provides services to
organizations across Canada, in the United States, and around the
globe. Morneau Shepell is a publicly-traded company on the Toronto
Stock Exchange (TSX: MSI). For more information, visit morneaushepell.com.
SOURCE: Morneau Shepell Inc.
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