The B.C. government needs to ensure residents of this province can live out their lives with financial security and certainty.
The government of British Columbia is reviewing the province’s solvency funding framework for defined benefit (DB) pension plans to assess whether it should be changed so that it better supports plan sustainability and benefit security over the long-term, in a way that balances the interests of all pension stakeholders.
CARP respectfully submits that trying to sustain or grow defined benefit pension plans is a flawed premise for the review. Read more.