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CAPSA pension risk management guideline too divergent, says ACPM

The Canadian Association of Pension Supervisory Authorities’ draft guideline for pension plan risk management covers too many topics and audiences, limiting its practical applicability, according…

  • By: Staff
  • October 6, 2023 October 5, 2023
  • 09:00
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Majority of U.S. DB pension plan sponsors expect to divest liabilities over next 4 years: survey

Nine in 10 (89 per cent) U.S. defined benefit pension plan sponsors say they’re expecting to completely divest their plan liabilities in roughly four years,…

  • By: Staff
  • October 4, 2023 October 4, 2023
  • 15:00
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Employers play crucial role in supporting employees’ savings amid rising cost of living: expert

As Canadians struggle to save amid the rising cost of living, employers play a crucial role in facilitating savings options for their employees, says Doug Crowe, vice-president…

Median solvency ratio of Canadian DB pension plans up in Q3: reports

The median solvency ratio of defined benefit pension plans in Canada increased during the third quarter of 2023, according to separate reports from Mercer and Aon.…

  • By: Staff
  • October 3, 2023 October 3, 2023
  • 11:00

Just 17% of workers aged 50+ confident they can maintain a comfortable lifestyle in retirement: survey

Only 17 per cent of U.S. employees aged 50-plus and 23 per cent of retirees are very confident they’ll be able to maintain a comfortable…

  • By: Staff
  • October 3, 2023 October 2, 2023
  • 09:00

Top 5 HR, benefits, pension and investment stories of the week

An article on the new agreement between Ford of Canada and Unifor was the most-read story on BenefitsCanada.com over the last week. Here are the five most…

  • By: Staff
  • September 29, 2023 September 28, 2023
  • 09:00
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Canadian insurers paid out record $114BN in health, retirement benefits in 2022: CLHIA

Canada’s life and health insurers paid out a record $114 billion in health and retirement benefits last year, up $11 billion since before the coronavirus…

  • By: Staff
  • September 29, 2023 September 28, 2023
  • 09:00
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Competitive pension risk transfer costs climb from 100.2% to 100.5% in August: report

The estimated cost to transfer retiree pension risk to an insurer in a competitive bidding process increased from 100.2 per cent of a plan’s accounting…

  • By: Staff
  • September 28, 2023 September 27, 2023
  • 10:30

Alberta opposition creates counter survey on province’s ‘unicorn’ plan to quit CPP

Alberta’s opposition is launching its own survey on whether the province should leave the Canada Pension Plan, saying the government questionnaire is a “sham” and…

Ford, Unifor agreement includes significant DC pension improvements, transition to DB plan

More than 5,600 Ford of Canada workers have voted in favour of ratifying a three-year collective agreement that includes improvements to the defined contribution and…

  • By: Staff
  • September 25, 2023 September 25, 2023
  • 09:00
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Alberta deserves more than half CPP assets if it exits program: report

A report commissioned by the Alberta government estimates the province would be entitled to more than half the assets of the Canada Pension Plan if it…

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Top 5 HR, benefits, pension and investment stories of the week

An article on the 2023 Benefits Canada Healthcare Survey’s findings on plan members’ appreciation of health benefits was the most-read story on BenefitsCanada.com over the last week.…

  • By: Staff
  • September 22, 2023 September 21, 2023
  • 09:00

Funded ratio of large U.S. DB pension plans down in August with $98BN funded status decline: report

The funded ratio of the U.S.’s 100 largest defined benefit pension plans dropped slightly in August, from 76.8 per cent as of July 31 to…

  • By: Staff
  • September 21, 2023 September 20, 2023
  • 10:30

2024 Vancouver Benefits Summit: How Telus is making well-being, mental health a cultural priority

Telus Communications Inc. is ensuring employees bring their best self to the job by supporting their well-being both in the workplace and at home, said…

2024 Top 100 Pension Funds report: Employees’ financial wellness moving up the agenda for pension plan sponsors

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…

Dollar cap matching could more equitably distribute 401(k) contributions, reduce plan sponsor costs: report

Dollar cap match formulas could distribute employer contributions to 401(k)s more equitably than other common match formulas, according to a new report by Vanguard Inc.…

  • By: Staff
  • June 11, 2024 June 11, 2024
  • 09:00

Top 5 HR, benefits, pension and investment stories of the week

A story on how group insurers can help plan sponsors provide adequate coverage and ensure appropriate use of treatments for rare diseases was the most-read…

  • By: Staff
  • July 12, 2024 July 11, 2024
  • 09:00

Blair Morrison retiring from BCFSA

Blair Morrison, chief executive officer and chief statutory officer of the British Columbia Financial Services Authority, is retiring in early 2025 after more than five…

  • By: Staff
  • July 9, 2024 July 8, 2024
  • 09:00

Unions welcoming equitable pension reform for frontline public safety, law enforcement workers

The federal government recently announced plans to introduce legislation in the fall expanding pension eligibility to frontline public safety and law enforcement workers in Canada.…

Top 5 HR, benefits, pension and investment stories of the week

An article highlighting CGI Group’s initiatives for Mental Health Awareness Month was the most-read story on BenefitsCanada.com this week. Here are the top five human…

  • By: Staff
  • May 24, 2024 May 23, 2024
  • 09:00

Saskatchewan arbitrator sides with Canadian Blood Services in pension contributions case

A Saskatchewan arbitrator has ruled that Canadian Blood Services doesn’t owe an employee eight years of retroactive pension contributions because it took the proper steps…

How PepsiCo Canada’s savings program is helping employees achieve financial security at any stage in life

PepsiCo Canada is baking flexibility into its retirement savings benefits to support employees’ financial security amid the rising cost of living. To help employees reach…

How Ontario pay transparency legislation will impact employers

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 using budget workshops, interactive game to support employee financial wellness

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…

  • By: Sadie Janes
  • November 24, 2023 November 23, 2023
  • 09:00

2023 Healthy Outcomes Conference: A closer look at the mental, physical, financial risk factors facing plan members

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…