Network - Winter 2010 - (Page 21)

O Feature Steps By Richard Vanasse and Iain Morris Baby Boomer ince January 1, 2008, the Income Tax Act (ITA) has allowed the payment of a pension to a plan member who continues to accrue pension benefits while still working. This type of arrangement has been officially termed a “phased retirement program.” Following this, a series of provincial and federal pension legislations have also been changed to allow such payment: the Quebec Supplemental Pension Plans Act, the federal Pension Benefits Standards Act, the Ontario Pension Benefits Act (not in force yet) and the Manitoba Pension Benefits Act (effective May 31, 2010). The federal government presented the ITA change as one of the solutions to the expected mass exit of baby boomers from the workforce. More than two years after the introduction of these measures, how have employers reacted to them and what can they expect in the near future? S © Ancroft/ NETWORK O Winter 2010 O 21

Table of Contents for the Digital Edition of Network - Winter 2010

Network - Winter 2010
HRIA President’s Message
HRIA Board of Directors
The Legalities of Mandatory Retirement
Unwanted Early Retirement
Baby Boom or Bust Strategies for Dealing With a Rapidly Aging Workforce
Retirement: Private Savings Plan Contributions Decreasing
Baby Boomer Steps
Retirement Is About More Than Just Money
What‘s Happening Here? HR’s Evolving Role in Dealing With Different Generations
Retirees Need a Game Plan
The HR Office
Index of Advertisers

Network - Winter 2010