NB bulletins

In their financial statements, many private-sector organizations must include the recognition of their obligations toward defined benefit pension plans (DB pension plans) and other post-employment benefit plans, such as medical care plans offered to retirees (other benefits).

The deadline to file annual statements is fast approaching for federally regulated organizations! Annual statements must be submitted by June 30th each year through the official Pay Equity Annual Statement Portal.

On May 6, 2026, the Canadian Institute of Actuaries (CIA) published an initial communication on the updated mortality assumptions used for calculating the commuted value of pension benefits for defined benefit pension plans, in accordance with Section 3530 of the Standards of Practice.

The federal government has recently introduced several regulatory changes that will have a direct impact on pension plans under its jurisdiction.

Normandin Beaudry has updated its pension plan financial position index as at March 31, 2026, tracking defined benefit pension plans in Canada.

The 2026 Ontario Budget: A Plan to Protect Ontario, introduces several important measures to enhance retirement income security, provide new options to pension plan members, increase flexibility and simplify pension plan administration.

The Quebec government tabled Budget 2026-2027 on March 18. Among the announced measures, it has expressed its intention to improve the Voluntary Retirement Savings Plan (VRSP).

The CPA Canada Public Sector Accounting Handbook was updated in March 2026 to incorporate the new Section PS 3251 Employee Benefits, the new standard on employee benefits applicable to Canadian public sector entities. This standard will replace Sections PS 3250 (Retirement Benefits) and PS 3255 (Post‑employment Benefits, Compensated Absences and Termination Benefits).

Explore the forces shaping the future of employee benefits across the globe.  

The 2024 Canadian Pensioner Mortality Research Project of the Canadian Institute of Actuaries (CIA), whose release was announced in our November 2025 communication, was published on March 11, 2026.

Over 2025, we have closely followed developments related to Ontario pension plans, particularly those involving the Financial Services Regulatory Authority of Ontario (FSRA) and Ontario’s Ministry of Finance. Below is an overview of publications and FSRA activities throughout 2025.

A look back at the highlights of 2025 for our 11th edition of the top drug insurance developments of the past year.