At a meeting this week, the OMERS Sponsor Corporation (SC) board voted against a proposal by employer members to reduce pension payouts to retiring members.
Alberta has extended the filing deadline for pension plan administrators as a result of flooding in the southern part of the province.
The United States Supreme Court ruled that a 1996 law that denies federal benefits to legally married same-sex couples is unconstitutional.
McKesson chairman and CEO John Hammergren would have received a lump-sum pension benefit of US$159 million had he voluntarily left the company at the end…
Ontario is making it easier for people who need to access their locked-in retirement funds by restructuring its financial hardship-unlocking program.
The president of the Canadian Labour Congress says that the federal government is deliberately trying to sabotage federal-provincial talks aimed at improving the Canada Pension…
If the federal and provincial governments decide to increase mandatory contributions to the Canada Pension Plan, Canadians may, in turn, reduce voluntary contributions to RRSPs,…
In a period when equities performed better than other asset classes, American DC retirement plan members cut their holdings in domestic equities and increased their…
The past few years for the pension industry have been difficult, to put it mildly. But for the Top 100 pension plans, things are starting…
Pension plans have had a trying time over the last few years. Stocks have taken investors for a ride, and a low interest rate environment…
Eckler Ltd. has acquired the rights to the Quantitative Service Measurement survey and its intellectual property from Corden Consulting Inc.
Today, most Canadian single employer DB pension plans have large solvency deficits, and there continues to be significant focus on the large minimum contributions required…
Federal public employees who retire early are eligible to collect a bridge benefit that can be as much as $105,000 per retiree, according to a…
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…