America’s 100 biggest public employee pension plans saw a record increase in the value of their assets during the second quarter of this year—but benefits…
One of the general rules of statutory interpretation is that a statute or regulations only apply on a go-forward basis from the date of coming…
The St. John’s Board of Trade wants the Government of Newfoundland and Labrador to take immediate action and a set clear timeline to implement pension…
The past few years have been difficult for DB pension plans in Canada. Continued equity market volatility and, until recently, extremely low interest rates have…
Just as the outlook started to improve for DB plans, new guidance from the Canadian Institute of Actuaries could increase the solvency liabilities of indexed…
Standard Life been issued a licence to administer a federal pooled registered pension plan.
Both Quebec and Newfoundland and Labrador face the largest pension risk because of the size of their unfunded pension liabilities relative to their revenues, according…
In the closing paragraph of my last column, I stated that few pension custodians currently provide adequate recordkeeping for GST/HST purposes and made the promise…
The Government of Newfoundland and Labrador says retirees that belong to the Public Service Pension Plan and Teachers’ Pension Plan will not be affected as…
Public sector retirees in New Brunswick are meeting this week and next to discuss the province’s decision to implement a shared-risk pension plan.
The Canadian Union of Public Employees says the analysis used in a recent Fraser Institute report about provincial public sector DB plans is flawed.
The Government of Alberta has proposed a number of changes to public sector pensions such as no benefit improvements until 2021 and a reduction in…
American DC plan sponsors have good intentions but often fail to act on them. A new report reveals a clear gap between the intent of…
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…