British Columbia’s provincial government is updating its pension standards to support retirement income security and flexibility, including the introduction of automatic escalation for defined contribution pension plan members.

Effective Oct. 30, 2026, auto-escalation will be introduced to B.C.-based DC plans and members will have the option to opt out of the feature. Auto-escalation helps address low contribution rates, enabling members to receive the full employer-matching contribution, the government said in a press........

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