A slight majority of HR professionals aren't in favour of the proposed Ontario Retirement Pension Plan, finds a Human Resources Professionals Association survey.
Canadian DC plan sponsors need a boost to drive employees’ retirement savings
Sixty-six percent of Ontario companies may consider eliminating their existing DC or group registered retirement savings plan if the Ontario Retirement Pension Plan is introduced,…
Global DC pension assets have grown to 47% of all pensions assets in 2014 from 38% in 2004 and are expected to overtake DB assets…
Pension plan sponsors have until Feb. 15, 2015, to provide comments to the Actuarial Standards Board about its recent proposal to update Canada’s current mortality…
The funded status of the typical U.S. corporate pension plan declined 4.9 percentage points to 82.4% in January as the interest rate that determines liabilities…
By 2017, all Ontario employees could have access to the Ontario Registered Pension Plan.
I’m lucky. I belong to the minority of Canadians whose company offers a defined benefit pension plan. But I don’t contribute to it. My colleagues…
The evolving annuity: where it’s been and where it’s going
The Healthcare of Ontario Pension Plan (HOOPP) and Ivanhoé Cambridge have struck a deal allowing HOOPP to acquire Ivanhoé Cambridge's remaining 50% interest in two…
Despite a volatile fourth quarter of plunging oil prices and geopolitical conflict, Canadian DB pension plans posted returns of 11.9% last year, shows the latest…
As more retirees remain on the job, companies should consider phased retirement arrangements
The Timken Company has entered into an agreement to purchase a group annuity that will reduce its gross pension liability by about US$600 million.
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…
Brianne Collins, age 29, has worked as a senior copywriter at a large Toronto-based advertising agency for just over a year. Collins’ agency supports employee…
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…