Benefits March 20, 2012

Canadians Opposed to Change in Pensions

March 20, 2012 (PLANSPONSOR.com) – Canadians are opposed to the Tories' plan to increase the pension eligibility age for future senior citizens, a poll found.
Reported by

The national survey by Ipsos Reid, done for Postmedia News and Global TV found more than two-thirds of Canadians oppose the view that the country needs to “sacrifice” pensions to keep taxes down or increase the retirement age to control rising pension system costs, The Vancouver Sun reports.  

Seventy percent of Canadians disagree with the statement that “social programs, seniors’ pensions, and other benefits in Canada are more generous than we can afford to pay for.” In addition, 70% disagree with the statement that “we need to keep taxes down, even if it means we have to sacrifice in terms of seniors’ pensions and other social benefits.”  

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According to The Vancouver Sun, 68% of respondents disagree with the statement that “given the financial pressures on Canada’s public pension system, it is necessary to increase the retirement age from 65 to 67.”  

The telephone poll of 1,012 adults was conducted February 13-20.
Compliance March 20, 2012

DoL Announces Fiduciary Responsibilities Webcasts

March 20, 2012 (PLANSPONSOR.com) - The U.S. Department of Labor's Employee Benefits Security Administration announced two upcoming “Getting It Right – Know Your Fiduciary Responsibilities” webcasts.
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The webcasts will take place on Tuesday, March 27 and Wednesday, March 28 from 1 to 2:30 p.m. EDT. The webcasts are part of the agency’s national fiduciary education campaign and will feature speakers from the department.    

The March 27 webcast will focus on basic fiduciary responsibilities as well as prohibited transactions and exemptions under the Employee Retirement Income Security Act (ERISA). The March 28 webcast will include information on the reporting and disclosure provisions of the law and the department’s voluntary correction programs.   

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Those interested in participating can register at http://event.on24.com/r.htm?e=411980&s=1&k=F432D0C653DED1671F3EF93A0FE69879.

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