With pensions a growing concern for Canadians’ livelihoods, the public has a valid interest in knowing how they’re performing. And when it comes to public…
For such a small number, the discount rate used by a pension plan can have a very significant impact on its funded status. Actuaries use…
Protecting against longevity risk is one of the biggest challenges for people with defined contribution pension plans because, if they live longer than their savings…
Before changes brought in by the federal government in the late 1980s, a mechanism to protect defined contribution plans against longevity risk used to exist.…
In a previous post, I extolled the virtues of a benefits communications policy for those who communicate pensions and benefits to employees. Two recent court…
When considering claims that Canadians lack adequate savings for retirement, it’s crucial to ask whether “fourth-pillar” assets have been fully considered in reaching this conclusion,…
While there has been much discussion of the need to refine the common notion of a 70 per cent replacement rate in retirement, implementing a…
The median solvency ratio of Canadian pension plans rose in the third quarter of 2016, according to the Mercer Pension Health Index, but the quarterly…
The private equity arm of the Ontario Municipal Employees Retirement System has sold its stake in a U.S.-based network of dental practices. Yesterday, the pension…
The existing Canada Pension Plan is on sustainable financial footing at its current contribution rate and its assets are projected to grow from $285 at…
Caisse de dépôt et placement du Québec will invest US$500 million in Sedgwick Claims Management Services Inc., a third-party claims administrator with offices in the…
As contract negotiations between the City of Saskatoon and its transit workers heat up, the parties are in disagreement about the nature of the central…
The new contract ratified yesterday between General Motors of Canada Co. and Unifor includes a special one-time, lump-sum payment of $1,500 for all employees who…
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…
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…
Marcie Frost, chief executive officer at the California Public Employees’ Retirement System, is receiving a significant bonus that will boost her compensation to more than…
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…