The financial health of Canadian DB pension plans improved dramatically in 2013. While employers have begun reaping the rewards from this improvement, they should not…
The Government of Nova Scotia has amended pension regulations to allow greater flexibility for people to withdraw from locked-in pensions when facing financial hardship.
The market value of Canadian employer-sponsored pension funds totalled $1.4 trillion at the end of the first quarter, up 5.3% from the previous quarter, according…
A proposed collective agreement between the University of Toronto and employees who are members of United Steelworkers Local 1998 includes a plan to ensure pension…
The Royal Trust Company, a wholly owned subsidiary of RBC, is now licensed to offer voluntary retirement savings plans to employers in Quebec.
The Association of Canadian Pension Management has released a paper that provides recommendations for a framework to facilitate the conversion from traditional private sector DB…
To keep their DB plans afloat, sponsors need to ensure that they’re managing the risks
For an investor with a primary objective of meeting future liabilities, it’s useful to build a framework for investing assets to meet those future liabilities.…
Falling interest rates precipitated by geopolitical tensions led to higher liabilities and a lower funded status for the typical U.S. corporate pension plan in August.
The retirement plan landscape is stabilizing as fewer U.S. companies last year moved from DB plans to offering only a DC plan to new salaried…
The Government of Newfoundland and Labrador and unions have reached an agreement to make the Public Service Pension Plan sustainable.
Linking health and wealth can boost employee productivity and engagement
United Steelworkers Local 1998 and the University of Toronto Faculty Association have entered into a co-operation agreement to assess options for the reform of the…
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…