Ontario’s defined benefit pension plans will have to fund themselves on a solvency basis only if their funded status falls below 85 per cent, the government…
A key aspect to managing the increasing compensation costs of federal government employees is a transition away from defined benefit pension models, according to a…
The British Columbia Supreme Court has rejected an American multi-employer pension plan’s claim for $1.25 billion against a U.S. company’s Canadian subsidiary. The case revolved around…
I’ve often said that Canada’s three-pillar retirement income system serves today’s seniors rather well, especially those who used to have lower working income. The system…
The Ontario government is moving to allow for variable benefits from defined contribution pension plans, according to the 2017 budget tabled yesterday. “I think it’s…
Canada should consider raising the age of eligibility for public pension benefits in order to persuade more seniors to keep working, argues a new report…
When it comes to addressing the many challenges facing pension and benefits plans, we already know many of the solutions. Taking action on them, however,…
The Public Employees Benefits Agency, which administers the pension plan for public sector employees in Saskatchewan, has been looking at how to support members around…
Younger Canadians are at risk of shouldering any future deficit in the expanded Canada Pension Plan if it experiences shortfalls in investment returns, according to a…
More employers should be considering offering group decumulation options to employees, the Association of Canadian Pension Management argues in a new report. While individual options…
In its report on employer pension plans in Canada published earlier this month, Statistics Canada noted the overwhelming majority of plan members are in trusteed…
Now is the time for employers to start looking at the Canada Pension Plan enhancements and their potential affects on workplace pension plans, said lawyer…
Veterans Affairs Minister Kent Hehr has all but ruled out a return to the old way injured veterans received pensions, setting up a potentially vicious…
It’s time to bring innovation to federal employee pension plans, Keith Ambachtsheer and Jim Leech wrote in an open letter to Finance Minister Bill Morneau last…
When Britain’s former economic watchdog, the Office of Fair Trading, published a report in 2013 about the country’s workplace defined contribution pension market, it was…
Proposed changes to the pension plan for members of the Newfoundland and Labrador legislature have been deferred following objections by the opposition parties. The move…
A payment of $8,400 a month for nine years of service sounds like a fairly good pension benefit. But as a former Alberta government worker…
As the government moves forward on enhancements to the Canada Pension Plan, critics are raising concerns about the absence of a dropout clause for parents who…
Canada’s governor general has signed an order in council to bring the Canada Pension Plan enhancements in Bill C-26 into force, marking the final step…
In a case with significant consequences for Canadian employers and workers that has echoes of the saga involving Nortel Networks Corp., the British Columbia Supreme…
Newly-elected members of the House of Assembly in Newfoundland and Labrador could be moved out of their defined benefit pension plan to a defined contribution…
The interest in pension funding rules is as great as ever, with changes taking effect in Quebec in 2016 and a review of funding rules…
Manitoba should initiate an overall pension funding reform review similar to other provinces rather than continuing to rely on temporary solvency relief measures, according to…
China sees Canada as a valuable source of expertise as both countries grapple with the needs of an aging population that’s increasingly retired, according to…
Like most 19-year-olds, Gary Howe didn’t pay a great deal of attention to his pension entitlements when he signed up with Stelco Inc. as an…