The top post-Brexit concern among defined benefit pension plans is the need for employers and trustees to discuss funding impact, cited by 58 per cent…
When you reach the cusp of retirement, you’re no doubt aware the Canada Pension Plan and Old Age Security provide much of the financial bedrock…
With 25,000 members and $4 billion in assets, British Columbia’s College Pension Plan is by far the smallest of the province’s four multi-employer public sector…
The expanded Canadian Pension Plan will bring only a slightly higher rate of return for retirees — 2.5 per cent in the expanded plan compared…
The U.S. Department of Labor, the Internal Revenue Service and the Pension Benefit Guaranty Corporation are seeking public comments on proposed revisions to modernize and…
The Canada Pension Investment Board and Wolf Midstream Inc. have signed an agreement to acquire a 50 per cent ownership of a pipeline in northeastern…
More rule-making powers for a new regulator touted in a recent report to take over the duties of the Financial Services Commission of Ontario should…
Nearly half (48 per cent) of working-age Canadians are not saving for retirement, according to a global report by HSBC. The report, which surveyed more…
IBM has been ordered to pay more than $23 million to 451 active and retired employees of its plant in Bromont, Que., a decade after…
Starbucks is launching an online health benefits platform, doubling its annual stock award program and raising base pay by at least five per cent for…
The average income for American women age 65 and older is 25 per cent lower than for American men in the same age group, according…
With labour negotiations at Canada Post Corp. centred on a proposal to close its defined benefit pension plan in favour of a defined contribution component for new…
Vestcor Corp., an independent pension, benefits and investment management organization, has been created by the trustee boards of New Brunswick’s Public Service Share Risk Plan,…
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…