Deadlines are short, decisions are important...
Just one "click" and you can now get current and relevant information. See for yourself… the full richness of information provided in Normandin Beaudry's news releases.
Normandin Beaudry is at the cutting edge of market trends and can share with its consultants and clients a full range of the most valuable knowledge.
To be placed on our mailing list, and receive this information first hand, please contact us at (514) 285-1122 or by email at general@normandin-beaudry.ca. You can access our bulletin releases of the last few months at any time on this Website.
The english version will be available shortly, click here to access the french version.
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The Year’s Maximum Pensionable Earnings (YMPE) for 2010 will be $47,200, an increase of 1.9% over the 2009 YMPE of $46,300. The basic exemption remains at the current level of $3,500, which is the level applicable since January 1st, 1998. Employee and employer contribution rates will remain at 4.95% of contributory earnings in 2010, for an annual maximum contribution of $2,163.15. The maximum monthly retirement pension at age 65 is set at $934.17 for 2010, based on the average YMPE over the last five years.
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Normandin Beaudry recently surveyed the main insurers of group benefits plans in Quebec to learn about their claims processing policy guidelines for Influenza A (H1N1). This document presents a summary of the information we received.
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This article is available in French only.
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The new Pay Equity Act (the “Act”), which came into force on May 28, 2009, incorporates important changes, including a new deadline. Employers subject to the Act have until the end of 2010 to complete their pay equity program and pay adjustments in compensation to eligible employees, if they haven’t already done so. Employers who have already done so must conduct an audit of the pay equity established. An employer’s obligations and options depend on which of the following three scenarios best reflects the employer’s situation.
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Several private sector companies will soon be finalizing their budgets for the upcoming fiscal year and preparing their financial statements for the current fiscal year. Included among the accompanying notes that should be prepared for these financial statements are those pertaining to costs for defined benefit (DB) plans and for group insurance plans offered to retirees (other post-retirement benefits).
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The english version will be available shortly, click here to access the french version.
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This article is available in French only.
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In the wake of various consultations with the municipal sector, the Ministère des Affaires municipales, des Régions et de l’Occupation du territoire (MAMROT) published an information document on October 7 concerning the supervision and follow-up of the tax relief measure for municipal sector defined-benefit pension plans. Initially introduced during the 2009 budget preparations for municipal organizations, this tax relief measure was intended to mitigate the effects of the 2008 economic crisis on the 2009 tax burden. This new MAMROT document specifies its future application.
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This article is available in French only.
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We are pleased to present our mid-year review analyzing the performance as at June 30, 2009, of institutional managers comprising the Normandin Beaudry Investment Funds Universe. The purpose of this review is to keep you up-to-date on the recent performance of financial markets and institutional managers. You will receive this review each year after the end of the first semester.
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The high volatility of the Canadian dollar in recent years relative to the major foreign currencies has had a strong impact on returns on foreign assets for Canadian investors. The current economic environment coupled with the effect of currency fluctuations on pension fund performance is encouraging investors to consider hedging foreign assets against currency risk.
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The current financial market crisis has led many employees to question some fundamental retirement savings concepts and strategies. Will investment in stocks yield a better long-term return than an investment in bonds? Add to this the fact that, beyond contributions paid to your capital accumulation plan (CAP), whether it is a defined contribution (DC) registered pension plan, a group registered retirement savings plan (RRSP) or a deferred profit-sharing plan (DPSP), your employees generally find it difficult to determine how much they need to save for retirement.
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The financial crisis severely impacted pension plans in 2008, and the uncertainty remains. Pension committee members must manage this situation and several challenges will need to be addressed in the years ahead. What are the responsibilities of the pension committee in the current economic climate?
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Just one "click" and you can now get current and relevant information. See for yourself… the full richness of information provided in Normandin Beaudry's news releases.
Normandin Beaudry is at the cutting edge of market trends and can share with its consultants and clients a full range of the most valuable knowledge.
To be placed on our mailing list, and receive this information first hand, please contact us at (514) 285-1122 or by email at general@normandin-beaudry.ca. You can access our bulletin releases of the last few months at any time on this Website.
Projet de Règlement concernant le financement des régimes de retraite des secteurs municipal et universitaire
NB Bulletin Vol. 13, no. 1, January, 2010The english version will be available shortly, click here to access the french version.
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The 2010 Social Security Programs Parameters
NB Bulletin Vol. 12, no 17, December 2009The Year’s Maximum Pensionable Earnings (YMPE) for 2010 will be $47,200, an increase of 1.9% over the 2009 YMPE of $46,300. The basic exemption remains at the current level of $3,500, which is the level applicable since January 1st, 1998. Employee and employer contribution rates will remain at 4.95% of contributory earnings in 2010, for an annual maximum contribution of $2,163.15. The maximum monthly retirement pension at age 65 is set at $934.17 for 2010, based on the average YMPE over the last five years.
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Influenza A (H1N1): How does it impact your group benefits plan?
NB Bulletin Vol. 12, no 16, December 2009Normandin Beaudry recently surveyed the main insurers of group benefits plans in Quebec to learn about their claims processing policy guidelines for Influenza A (H1N1). This document presents a summary of the information we received.
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La crise : une occasion de renforcer son avantage compétitif
Effectif Magazine, November-December 2009This article is available in French only.
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Pay Equity – A New Deadline
NB Bulletin Vol. 12, no 15, November 2009The new Pay Equity Act (the “Act”), which came into force on May 28, 2009, incorporates important changes, including a new deadline. Employers subject to the Act have until the end of 2010 to complete their pay equity program and pay adjustments in compensation to eligible employees, if they haven’t already done so. Employers who have already done so must conduct an audit of the pay equity established. An employer’s obligations and options depend on which of the following three scenarios best reflects the employer’s situation.
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Accounting standards applicable to employee future benefits: what Quebec-based companies listed on the S&P/TSX Index do
NB Bulletin Vol. 12, no 14, November 2009Several private sector companies will soon be finalizing their budgets for the upcoming fiscal year and preparing their financial statements for the current fiscal year. Included among the accompanying notes that should be prepared for these financial statements are those pertaining to costs for defined benefit (DB) plans and for group insurance plans offered to retirees (other post-retirement benefits).
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Rates for Health Care Professionals in 2009
NB Bulletin Vol. 12, no 13, November 2009The english version will be available shortly, click here to access the french version.
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Formuler une recommandation de budget d'augmentation de salaire éclairée à valeur ajoutée
Coin de l'expert - ORHRI.org , November 2009This article is available in French only.
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Tax relief measures for municipal sector defined-benefit pension plans
NB Bulletin Vol. 12, no 12, October 2009In the wake of various consultations with the municipal sector, the Ministère des Affaires municipales, des Régions et de l’Occupation du territoire (MAMROT) published an information document on October 7 concerning the supervision and follow-up of the tax relief measure for municipal sector defined-benefit pension plans. Initially introduced during the 2009 budget preparations for municipal organizations, this tax relief measure was intended to mitigate the effects of the 2008 economic crisis on the 2009 tax burden. This new MAMROT document specifies its future application.
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Développer le bon réflexe de communication, c’est possible!
Effectif Magazine, September-October 2009This article is available in French only.
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Review of the institutional fund performances over the first semester of 2009
NB Bulletin Vol. 12, no 11, August 2009We are pleased to present our mid-year review analyzing the performance as at June 30, 2009, of institutional managers comprising the Normandin Beaudry Investment Funds Universe. The purpose of this review is to keep you up-to-date on the recent performance of financial markets and institutional managers. You will receive this review each year after the end of the first semester.
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Currency hedging
NB Bulletin Vol. 12, No. 10, July 2009The high volatility of the Canadian dollar in recent years relative to the major foreign currencies has had a strong impact on returns on foreign assets for Canadian investors. The current economic environment coupled with the effect of currency fluctuations on pension fund performance is encouraging investors to consider hedging foreign assets against currency risk.
More details
How much your employees need to save for their retirement: rules of thumb
NB Bulletin Vol. 12, no 9, July 2009The current financial market crisis has led many employees to question some fundamental retirement savings concepts and strategies. Will investment in stocks yield a better long-term return than an investment in bonds? Add to this the fact that, beyond contributions paid to your capital accumulation plan (CAP), whether it is a defined contribution (DC) registered pension plan, a group registered retirement savings plan (RRSP) or a deferred profit-sharing plan (DPSP), your employees generally find it difficult to determine how much they need to save for retirement.
More details
Pension Plan Governance during the Financial Crisis
NB Bulletin Vol.. 12, no 8, July 2009The financial crisis severely impacted pension plans in 2008, and the uncertainty remains. Pension committee members must manage this situation and several challenges will need to be addressed in the years ahead. What are the responsibilities of the pension committee in the current economic climate?
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