The Canadian Chamber took part in government consultations on strengthening the legislative and regulatory framework for federally regulated pension plans…

Many companies with defined benefit pension plans are struggling to make substantially higher pension contributions to offset significant, market-related pension losses. The Canadian Chamber urged the federal government to change the rules to ensure more stable funding throughout the business cycle. The Board’s Executive Committee met with the members of the House of Commons Finance Committee where this issue was included in the discussion. We also recommended a number of measures with respect to defined contribution pension plans to provide Canadians with greater opportunities to save for retirement. Our recommendations were well articulated in a Globe and Mail article: “Ottawa urged to help rebuild battered retirement investments” (March 10, 2009). We will continue to work with all political parties on this important issue.