CPBI Ontario Ottawa Chapter: Are DB plans making a comeback?

November 21, 2018 7:30 AM to 11:00 AMOttawa Conference and Event Centre, 200 Coventry Rd, ON K1K4S3, Ottawa, Ontario
Area of Interest: Pensions, Benefits, Networking Format: In Person

Are DB plans making a comeback?


Join us for a 2018 Legal update to review the changes in the pension and benefits area, a look at why CMHC closed its DC plan and reopened their DB plan and hear about CAAT’s new DBplus program.


Date: November 21, 2018                              7:30  to  8:30: Registration and Breakfast
Time: 7:30 AM to 11:00 AM 8:30 to 11:00: Presentations

Session 1: Pension and Benefits – 2018 Legal Update


2018 has seen dramatic changes in the pension and benefits area.  In this session Lisa will provide you with an overview of the key cases and legislative changes from a legal perspective.  Ontario’s new pension funding rules, pension annuity discharges, and the upcoming changes to the Canada Pension Plan all have an impact on pension plan administration and design.  Lisa will touch on each of these developments to explain their relevance to plan sponsors.   This session will also cover recent case law on benefits coverage for medical marijuana and post-age 65 benefits coverage for active employees.  


Lisa Mills, Brown Mills Klinck Prezioso LLP

Lisa Mills is a partner of BMKP Law (established 2017) practicing in the areas of pension, benefits and executive compensation law. Lisa has 20 years of experience providing advice to both federally and provincially regulated pension plan sponsors and administrators regarding pension plan design, regulatory compliance and all other aspects of administering defined benefit and defined contribution pension plans. 

Lisa co-authored the Public Pensions title of the Canadian Encyclopedic Digest from 2012 – 2015 and now, is in a position to leverage her in-depth knowledge of the Canada Pension Plan to advise employers regarding CPP enhancements and their impact on employer-sponsored pension plan design. 

Lisa was named a “Lexpert Rising Star” in 2009 and received a Lexpert Zenith Award for mid–career excellence in 2018. Lisa is named in Best Lawyers and is ranked in The Canadian Legal Lexpert Dictionary 2016–2018.

Session 2: Why did CMHC close its DC plan and reopen its DB plan, and how did they do it?


After closing its defined benefit plan to new members in 2013 and introducing a defined contribution component, CMHC is now going against the general trend by reopening its DB plan to all employees. We have the opportunity to learn what steps were taken between the first time the idea was proposed to the full implementation of the project. Which factors motivated the change and how is the new DB plan design different from its predecessor? How was the change communicated to employees and other stakeholders? What were the main challenges and what’s next at CMHC?  Join us if you want to learn more from one of the key players in CMHC’s transition from DC to DB.


Stéphane Poulin

Director, Human Resources People and Strategy

Stéphane Poulin is a Director in Human Resources for Canada Mortgage and Housing Corporation in Ottawa, responsible for the development and implementation of Total Rewards programs and policies, classification and Job Architecture. 

Prior moving to CMHC, Stéphane spent over 15 years in pension consulting as a pension actuary for Mercer, working closely with many major Crown Corporations in the Ottawa market on pension and financial matters. Stéphane is a Chartered Financial Analyst® (CFA) and a Fellow of the Canadian Institute of Actuaries. 

Session 3: CAAT’s DBplus – a step in the right direction


Earlier this year, the CAAT Pension Plan launched DBplus, which will effectively operate as a separate component within the CAAT Pension Plan and will provide members with a lifetime pension similar to that provided under traditional defined benefit plans, but with the cost certainty of a defined contribution plan. In many respects DBplus is a “target benefit pension”, but in reality it is still a traditional DB pension plan with conditional enhancement. The CAAT Pension Plan seems willing to expand outside of its traditional employer base of Ontario colleges, and is now open and ready to welcome employees from employers in the broader public sector, not-for-profit sector, and private sector. Dean will provide you with more information about this new opportunity for employers to join a well-managed jointly sponsored pension plan like CAAT.


Dean Newell, Vice President of Actuarial Solutions Inc.

Dean Newell is a Vice President of Actuarial Solutions Inc. and manages ASI’s actuarial practice. Dean performs valuations for pension and post-retirement benefit plans for the purpose of funding, accounting, and plan wind-up. In addition, he has experience consulting with plan sponsors on matters affecting pension and post-retirement benefit plans, including plan design, plan conversion, benefit improvement costing, legislative compliance, plan documentation, plan administration, and risk management.

Are DB plans making a comeback?

Fees and Registration
Membership Types Regular Price Plan Sponsor Price
Regular membership $60.00 CDN $60.00 CDN
Plan Sponsor Individual Membership $60.00 CDN $60.00 CDN
Associate $60.00 CDN $60.00 CDN
Student $60.00 CDN -
Non Member $90.00 CDN $90.00 CDN
Member Price Non Member Price
half round table of 6 $360.00 CDN $360.00 CDN
Cancellation Policy