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The Integration of Occupational Pension Regulations: Lessons for Canada

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  • Martin Hering
  • Michael Kpessa

Abstract

Is the integration of occupational pension regulations across the Canadian provinces feasible? In this paper, we assess the proposal for harmonization made by the Canadian Association of Pension Supervisory Authorities (CAPSA) by comparing it to the EU’s successful integration of member states’ pension regulations. We argue that CAPSA’s initiative failed both because regulatory diversity was defined as a fundamental problem and because the regulations that serve social policy goals were not protected from integration. We suggest that occupational pension integration in Canada would be feasible if provincial governments largely excluded rules on benefits and relied primarily on the mutual recognition of regulations.

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File URL: http://socserv.mcmaster.ca/sedap/p/sedap188.pdf
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Bibliographic Info

Paper provided by McMaster University in its series Social and Economic Dimensions of an Aging Population Research Papers with number 188.

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Length: 44 pages
Date of creation: May 2007
Date of revision:
Handle: RePEc:mcm:sedapp:188

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Keywords: occupational pensions; regulation; agenda-setting; problem definition; Canada; European Union;

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  1. Scharpf, Fritz W., 2002. "The European Social Model: Coping with the challenges of diversity," MPIfG Working Paper 02/8, Max Planck Institute for the Study of Societies.
  2. William D. Coleman, 1992. "Financial Services Reform in Canada: The Evolution of Policy Dissension," Canadian Public Policy, University of Toronto Press, vol. 18(2), pages 139-152, June.
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