Expanding the Canada Pension Plan will help address the continuing decline of workplace pensions, said the national president of the Canadian Union of Public Employees.
The biggest public sector union on Prince Edward Island, the Union of Public Sector Employees, has filed a grievance in response to a controversial change…
The Canadian Federal Pilots Association, a union representing professional pilots employed in federal government aviation, and NAV Canada, the country's private sector provider of civil…
The Association of Canadian Pension Management says a new funding model must be developed to preserve single-employer DB plans.
Michelin Canada will freeze its DB plan starting Jan. 1, 2016, and replace it with an enhanced DC plan.
It was, literally, a big deal when the Canadian Wheat Board (CWB) off-loaded the risk of its underfunded DB pension plan to Sun Life Financial…
Shortly after the Ontario Teachers’ Pension Plan (Teachers’) sold its majority stake in Maple Leaf Sports and Entertainment (MLSE) to Rogers—owner of Benefits Canada—and BCE,…
Over the last few years, a lot of time has been spent enticing employees to become more engaged in retirement planning. While engagement is still…
The debate about whether to increase the size of the Canada Pension Plan (CPP) benefits through higher contributions is heating up as the country awaits…
Target benefit plans may be the answer to many problems facing pension plan design, according to a white paper.
Lawmakers in Illinois say they have reached a tentative agreement to fix the state's US$100-billion ($105.8-billion) unfunded pension liability.
The outgoing CEO of PSA Peugeot Citroën will give up the €21-million ($30.2-million) pension he’s entitled to after union and government leaders criticized the benefit…
With the end of 2013 in sight, I can safely say “de-risking” is this year’s hottest pension buzzword. What, though, do I mean by de-risking,…
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…