Whether Prime Minister Justin Trudeau’s promise to enhance the CPP can shift from being a mere campaign pledge to becoming reality hinges on the provinces—and…
The deadline for filing amendments with respect to British Columbia’s Pension Benefits Standards Act (PBSA) has been extended by three months. Pension plan amendments required…
Benefits Canada magazine exists, at least in part, to inform the benefits and retirement services community—consultants, advisors, providers and, most important, employers—about key issues affecting…
Asian countries are aging faster than has been seen anywhere else in the world, and they need to urgently reform pension systems and encourage more…
While the decline of defined-benefit pension plans puts greater investment risk on employees, they do have options for securing at least a partially guaranteed benefit.…
Pension systems remain under strain in many countries amid slow economic growth and moves by governments to shore up financial stability in the wake of…
Canada has climbed out of the recession that nudged the economy into reverse over the first half of 2015, but a rebound in growth during…
If a Buddhist monk moved out into the secular world, he’d be leading a life similar to the one Mr. Money Moustache (MMM) leads. Now…
Murray Gold, managing partner at Koskie Minsky LLP, has been appointed as a member of the initial board of directors for the Ontario Retirement Pension…
The ORPP is “a harebrained idea,” according to Dr. Jack Mintz, economist and fellow at the University of Calgary. Speaking at the 2015 Portfolio Management…
Before 2014, Harry Rosen Inc. frequently held DC plan education sessions, but these were not mandatory and therefore not well attended by employees.
The deficit racked up by the U.S. federal agency that insures pensions for about 40 million Americans has increased 23% to $76.4 billion over the…
The former head of an Oregon-based chain of retirement centres was sentenced by a federal judge on Tuesday to 15 years in prison for defrauding…
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…