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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.

Suggested Citation

  • Martin Hering & Michael Kpessa, 2007. "The Integration of Occupational Pension Regulations: Lessons for Canada," Social and Economic Dimensions of an Aging Population Research Papers 188, McMaster University.
    • Handle: RePEc:mcm:sedapp:188
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    File URL: http://socserv.mcmaster.ca/sedap/p/sedap188.pdf
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    References listed on IDEAS

    as
    1. Monika Queisser, 1998. "Regulation and supervision of pension funds: Principles and practices," International Social Security Review, John Wiley & Sons, vol. 51(2), pages 39-55.
    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.
    3. 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.
    4. Fritz W. Scharpf, 2002. "The European Social Model," Journal of Common Market Studies, Wiley Blackwell, vol. 40(4), pages 645-670, November.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    occupational pensions; regulation; agenda-setting; problem definition; Canada; European Union;
    All these keywords.

    JEL classification:

    • D02 - Microeconomics - - General - - - Institutions: Design, Formation, Operations, and Impact
    • D70 - Microeconomics - - Analysis of Collective Decision-Making - - - General
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • H10 - Public Economics - - Structure and Scope of Government - - - General
    • J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies
    • J38 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Public Policy
    • J58 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - Public Policy
    • L38 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Public Policy

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