Close X
Monday, November 11, 2024
ADVT 
National

New B.C. Rules Make Pensions More Secure, Offer Key For Locked-in Funds

Darpan News Desk The Canadian Press, 29 Sep, 2015 12:46 PM
    VICTORIA — The British Columbia government is announcing new standards for workplace pension plans, creating options that could be activated even before an employee retires.
     
    The province says modernized standards will improve security and options for more than 900,000 residents covered by employer-sponsored pension plans.
     
    The changes govern all employment pension plans registered in B.C., as well as those registered elsewhere that have members employed in the province.
     
    They include greater access to locked-in retirement accounts such as locked-in RRSPs or life income funds.
     
    The cash can now be accessed for specific reasons of financial hardship, including the inability to pay medical expenses and threat of eviction or mortgage default.
     
    Revisions also harmonize pension standards between Alberta and B.C., reducing the complexity and cost of administering pensions that have members in both provinces.

    MORE National ARTICLES

    Stargazers In For Double Treat Tonight; Supermoon And Total Lunar Eclipse

    Stargazers In For Double Treat Tonight; Supermoon And Total Lunar Eclipse
    Weather permitting stargazers will get a rare two for one treat tonight — a total lunar eclipse combined with a so called supermoon.

    Stargazers In For Double Treat Tonight; Supermoon And Total Lunar Eclipse

    Quebec To Rename Sites Whose Official Names Contain Offensive N-Word

    Quebec To Rename Sites Whose Official Names Contain Offensive N-Word
    Eleven Quebec sites whose names contain words with pejorative or racist connotations will be renamed, a provincial commission announced Friday.

    Quebec To Rename Sites Whose Official Names Contain Offensive N-Word

    NDP Tables Climate Change Plan, Conservatives Criticize Trudeau Ahead Of Debate

    NDP Tables Climate Change Plan, Conservatives Criticize Trudeau Ahead Of Debate
    Two of the three major political parties tried to score domestic political points on Sunday, one day ahead of a major foreign policy debate by the leaders.

    NDP Tables Climate Change Plan, Conservatives Criticize Trudeau Ahead Of Debate

    U.S. Drug Company Challenges Ottawa's Ability To Control Patent Drug Prices

    U.S. Drug Company Challenges Ottawa's Ability To Control Patent Drug Prices
    Canada's ability to control the price of patented drug prices could be at risk after a U.S. company challenged the constitutionality of a federal patent drug price regulator.

    U.S. Drug Company Challenges Ottawa's Ability To Control Patent Drug Prices

    Man Arrives At Surrey Hospital With Gunshot Wounds, RCMP Investigating

    Man Arrives At Surrey Hospital With Gunshot Wounds, RCMP Investigating
    Sgt. Joe Johal says the 36-year-old arrived at around 3 a.m. Saturday with injuries to his lower extremities. He says the wounds are not life-threatening. 

    Man Arrives At Surrey Hospital With Gunshot Wounds, RCMP Investigating

    Hailey Dunbar-Blanchette Murder: Alberta Man Accused Of Killing Dad, Toddler, Out Of Coma

    Hailey Dunbar-Blanchette Murder: Alberta Man Accused Of Killing Dad, Toddler, Out Of Coma
    Global and CBC say unnamed sources say 22-year-old Derek Saretzky was speaking as of Friday afternoon.

    Hailey Dunbar-Blanchette Murder: Alberta Man Accused Of Killing Dad, Toddler, Out Of Coma