A report released by the Office of the Superintendent of Financial Institutions this month projects that the federal government’s plan to cancel the increase in the…
For all it’s worth, I have already given the recent Canada Pension Plan enhancement a passing grade. As I noted in our firm’s July report…
Baby boomers are almost as likely as millennials to find online apps and tools useful for managing retirement savings, according to a survey by Willis Towers Watson.…
Talks between Canada Post and the Canadian Union of Postal Workers have stalled once again, hours before the union’s strike mandate expires at midnight. “If…
With escalating drug costs and the strain of retiree benefits dragging down balance sheets, it’s no wonder employers are looking for creative ways to limit…
British Columbia’s defined benefit pension plans continue to face funding challenges as solvency deficits mount, according to a report released last week by the Financial…
Was the government’s decision to restore eligibility for old-age security to age 65 the correct choice? Tabled in March, the federal budget cancelled provisions in…
Cancelling the increase in the age of eligibility for old-age security benefits would raise total program expenditures by $10.4 billion by 2030, according to a…
Even Wall Street workers are unhappy with how their retirement plans are run. A participant in Morgan Stanley’s 401k plan filed a lawsuit Friday in…
An NDP private member’s bill that proposes raising the retirement benefit payments made to the families of deceased Canadian Forces and Royal Canadian Mounted Police…
The Ontario Teachers’ Pension Plan Board has lost its appeal of a decision ordering it to pay more than $1 million to a former senior investment employee. The…
The Financial Institutions Commission of British Columbia has appointed Michael Peters as acting superintendent of pensions as part of an interim leadership team. The regulatory…
New workers who are members of the Canadian Postmasters and Assistants Association (CPAA) will be joining a defined contribution pension plan after a labour arbitrator ruled…
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…