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The Integration of Occupational Pension Policies: Lessons for Canada

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  • Martin Hering
  • Michael Kpessa

Abstract

Is the integration of occupational pension policies 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 European Union's successful integration of member states' pension policies. 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 diverse rules.

Suggested Citation

  • Martin Hering & Michael Kpessa, 2008. "The Integration of Occupational Pension Policies: Lessons for Canada," Canadian Public Policy, University of Toronto Press, vol. 34(s1), pages 137-154, November.
    • Handle: RePEc:cpp:issued:v:34:y:2008:i:s1:p:137-154
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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. Burkard Eberlein & Dieter Kerwer, 2004. "New Governance in the European Union: A Theoretical Perspective," Journal of Common Market Studies, Wiley Blackwell, vol. 42(1), pages 121-142, February.
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