Fiat Chrysler Automobiles has reached a tentative agreement with Unifor that includes increasing wages and benefits for the union’s members in line with an economic…
The Office of the Superintendent of Financial Institutions has published updated guides for the disclosure requirements of defined contribution and defined benefit plans. The new…
The Alberta Investment Management Corp. has entered into a strategic financing relationship with Journey Energy Inc., a Canadian exploration and production company. Journey has completed…
The federal government has introduced legislation to enhance the Canada Pension Plan days after British Columbia signed on to support the expansion. Upon receiving royal…
The majority of public education spending in Canada between 2004 and 2015 went to pensions, benefits and wages, a new report by the Fraser Institute…
HOOPP Realty Inc., a subsidiary of the Healthcare of Ontario Pension Plan, has entered into an agreement to buy a 50 per cent interest in…
The Nova Scotia Pension Services Corp. has appointed Doug Moodie as interim president and chief executive officer, effective Oct. 28. Steven Wolff, current president and…
The registered retirement savings plan is fast approaching its 60th birthday. There have been many changes over that period and Canadians’ contributions have ebbed and…
The Association of Canadian Pension Management says Ontario’s solvency funding framework for defined benefit pension plans should use Quebec’s new funding regime as a model.…
After considering feedback from its online consultation, British Columbia will support the Canada Pension Plan enhancement. The consultation, which was launched on July 15, 2016,…
An accounting difference involving the Ontario Public Service Employees Union Pension Plan and the Ontario Teachers’ Pension Plan has the government at odds with the…
As the federal Department of Finance consults on proposed amendments to Canada’s Income Tax Act, the Association of Canadian Pension Management has responded with a…
During an event held last week in Toronto, participants discussed how the 70-per-cent replacement rate as a measure of retirement income adequacy could be modified.…
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…