Alberta’s new target benefit regime
Alberta is moving forward with sweeping pension reforms in the new Employment Pension Plans Act and regulations, which come into effect on Sept. 1, 2014.…
- By: Jana Steele
- August 20, 2014 September 13, 2019
- 10:56
Alberta is moving forward with sweeping pension reforms in the new Employment Pension Plans Act and regulations, which come into effect on Sept. 1, 2014.…
An increased number of American workers are participating in DC plans.
After nearly six years of investigation and legal proceedings, a settlement agreement has been reached that will allow the Lehman Brothers pension plan to pay…
Pension and retirement systems need to reformed rapidily at a global level to meet demographic challenges, according to a report from EY.
All too often, employers and plan administrators may sign an agreement without sufficient review and negotiation. Sometimes, they may enter into a service relationship without…
More than one-third of Americans that contribute to an employer-sponsored retirement plan have never increased the percentage of their salary they contribute to their company's…
An emerging focus on the payout phase could mean a greater fiduciary role for DC plan sponsors
CARP is calling on the federal government to fight seniors’ poverty by eliminating mandatory minimum withdrawals from RRIFs, relaxing GIS rules and introducing measures to…
Regina's mayor is calling for representatives from the employees' groups within the Civic Employees' Pension Plan to return to the negotiating table.
Employers in Canada are expecting salaries to rise by an average of 2.8% in 2015, according to Morneau Shepell’s annual survey of Compensation and Trends…
Without question, workplace pension plans, particularly the traditional DB plan, serve many important purposes in modern society. Employer planning and retention considerations, employee retirement security…
Pension benefits in Ontario's electricity sector pension plans are "richer" than most of the broader public service plans, according to a report.
Nortel Retirees and Former Employees Protection Canada strongly objects to the proposed settlement between the American division of Nortel Networks and some of its bondholders.
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…