The funded status of typical U.S. corporate pension plans fell 0.1 percentage points to 88.1% in August according to the BNY Mellon Investment Strategy &…
An Ontario senior has been charged with defrauding the Canada Pension Plan and Old Age Security programs of approximately $133,000.
Many employers would like to reduce the risk in their DB plan so that the level of pension risk meets the company’s overall risk management…
The funded status of state-level DB public pension plans reveals that public employee retirement promises are underfunded by US$4.1 trillion, according to a report.
Canada’s pension system receives a lot of criticism, but things here are better than they are south of the border. The Canadian system—as well as…
The Canadian Union of Public Employees is calling on the federal government to address the issue of retirement security by expanding the Canada Pension Plan.
Canada’s largest DC plans had a good year in 2013. Figures released by the Canadian Institutional Investment Network show that the Top 10 DC plans…
Ari Kaplan wrote the book on pension law. Literally. His book, Pension Law, was first published in 2006, and a second edition, co-authored with Mitch…
Cenovus Energy refines its methods for retaining mid-career employees
The Office of the Superintendent of Financial Institutions has issued a draft policy advisory that provides information and guidance to administrators of federally regulated pension…
I recall co-authoring a report in 1982 in which we predicted that future inflation would 9% a year for the long term. That sounds crazy…
The number of American workers with a DC plan continues to rise.
After five years of piecemeal changes, Ontario’s pension system now requires substantial reform in order to resolve serious issues such as the scarcity of workplace…
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…