Continually, on the HOOPP board we hear that DB pension plans—common in the public sector and unionized private sector workplaces—are gold-plated and not sustainable. Nothing…
In my last article, I alluded to the story of the mythological princess Cassandra. Ontario’s new rules governing target benefit plans (TBPs) remind me of…
The head of the Ordre des CPA du Québec told the province’s Committee on Public Finance can’t continue ignoring the flaws in the current retirement…
Sixty-four percent of Ontarians surveyed are worried they won’t have enough income to live on in retirement. Eighty-two percent of those who have DB plans…
Quebec’s special consultation into the D’Amours report on pension reform has revealed fading support for a number of its key proposals.
OMERS has started an annual audit of its pension database.
Sponsors of DB plans continue to struggle with oversized pension costs, according to Morneau Shepell's annual compensation survey.
Only 18% of working Americans are saving more for retirement now than they were one year ago, according to a new Bankrate.com report.
The main solutions to Quebec’s chronically underfunded pension system are raising the retirement age and introducing a risk-sharing pension model like the one used in…
Nearly all American workers rely on their DC plans for retirement, but many lack the confidence to efficiently manage the savings for their golden years,…
American women save less for retirement through their DC plans and are more likely to default on loans taken out of their retirement savings than…
This summer, the Canadian Institute of Actuaries released new pension mortality tables. The tables revealed longer life expectancies than were previously provided by commonly used…
In the United States, plaintiffs alleging that their DC retirement plans offered by Lockheed Martin Corp. were managed imprudently won a round in a federal…
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…