Aon Hewitt is crediting strong equity equity markets with helping to keep solvency ratios for Canadian defined benefit pension plans in positive territory in April.…
While the going-concern funding levels of Ontario’s defined benefit pension plans have improved slightly, the solvency picture remains stagnant, according to the Financial Services Commission…
Daniel Derksen was, by all accounts, the model of perfect health. Then one day, he complained about stomach pains and went to see a doctor.…
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…
The majority of salaried retirees and employees, along with unsecured creditors, voted in favour of Stelco Inc.’s restructuring plan in meetings on Thursday afternoon. Under…
Meeting plan members’ retirement goals (29 per cent) and managing litigation risk (25 per cent) are the top factors driving defined contribution pension plan sponsor…
We’re living in a society with a new generation of employees who also happen to be digital natives. Generation-Y and millennials learn, act and understand…
The British Columbia Court of Appeal has overturned a ruling that gave a copper mine employee an 18-month severance package upon retirement. At trial last year, the…
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…
Unlike the promise by defined benefit plans of a stream of income during retirement, their defined contribution counterparts focus more on the accumulation of assets.…
Defined contribution pension plans in Canada are maturing quickly and becoming more sophisticated. Contributions and plan assets continue to grow, investment options are evolving and…
An article on how the Canadian Association of Pension Supervisory Authorities’ updated capital accumulation plan guideline will impact plan sponsors and members was the most-read story…
While the Canadian Association of Pension Supervisory Authorities’ updated capital accumulation plan guideline contains several key updates with regard to plan sponsor and member responsibilities,…
In 2023, the world’s 300 largest pension funds’ assets under management increased by 10 per cent to US$22.6 trillion, compared to $20.6 trillion at the…
The International Centre for Pension Management is celebrating 20 years of promoting strong pension governance practices by regularly engaging plan sponsor members, says Sebastien Betermier, the organization’s…
With many Canadian defined benefit pension plans in a strong funded position, plan sponsors, particularly those with unionized workforces, are increasingly discussing the use of…
The federal government is currently seeking recommendations about its plan to introduce solvency reserve accounts for federally regulated defined benefit pension plans. Under the government’s…
From 2016 to 2024, fewer plan members are confident they’ve saved enough for retirement. Indeed, Benefits Canada’s 2024 CAP Member survey found plan members’ optimism…
Going through a divorce can be an extremely stressful and emotional experience and, unsurprisingly, the impacts can spill into the workplace. “[Employees may be] at…
When Phillip Kotanidis took over as chief human resources officer at Toronto’s Michael Garron Hospital in 2018, the financial well-being of staff wasn’t exactly high…
As Ontario prepares to introduce pay transparency legislation, it’s important for employers to consider how much information they want to share in job postings, says…
Desjardins Insurance is marking Financial Literacy Month with a series of budgeting workshops for employees and an interactive game to help improve financial literacy. The…
Many plan members are experiencing risk factors related to poor mental, physical and financial well-being, but often don’t know they can turn to their benefits…