Target practice
For sponsors concerned about the affordability and sustainability of DB plans, a target benefit plan might just hit the spot
- By: Ian Markham and Dylan Moser
- January 13, 2014 September 13, 2019
- 07:00
For sponsors concerned about the affordability and sustainability of DB plans, a target benefit plan might just hit the spot
Last year was a dream come true for pension funds, and 2014 may be another good year.
The largest corporate DB plans in the United States had a strong 2013, and it's possible that they could reach fully funded status by the…
Members of Boeing's machinists union have accepted a new contract that includes freezing the DB plan and the introduction of a DC plan.
Over the past few years, many plan sponsors have sought to de-risk their DB pension plans. This has manifested itself in different ways—from simply diversifying…
A revised agreement on social security between Canada and Norway came into force at the beginning of the year.
Canadian DB pension plans' solvency continued to improve significantly in the fourth quarter of 2013 and ended the year in a much stronger position than…
The pension funded status of the largest corporate sponsors in the United States increased sharply in 2013 due primarily to rising interest rates (which lowered…
The solvency health of Canadian pension plans continued to improve sharply in the fourth quarter of 2013 due to strong equity returns and rising long-term…
Men are from Mars and women are from Venus, right? Well, it turns out this claim also holds true for retirement planning.
More American DC plan members are investing in target-date funds over time.
A California court has blocked San Jose from cutting pension benefits for the city's workers—even though the reductions were approved by voters.
This year was an interesting one for the pension industry. It seemed as though Canada Pension Plan expansion was going to happen, but it didn't…
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…