The Canadian Wheat Board has purchased a $150-million annuity policy from Sun Life Financial that transfers investment and longevity risk from its DB plan to…
Chrysler will freeze its salaried employee DB plans effective Dec. 31, 2014.
A poll conducted by J.P. Morgan Asset Management of more than 1,000 American workers participating in a DC plan has found that the vast majority…
The market value of Canadian employer-sponsored pension funds totalled $1.2 trillion at the end of the fourth quarter, according to Statistics Canada.
The financial assets of New Brunswick’s public service, teachers’ and judges’ pension plans reached an all-time high of $10.1 billion at the end of March,…
The results of 60 Second Survey conducted recently by Morneau Shepell showed that a significant majority of plan sponsors polled agreed that Canada is suffering…
The increase in the number of cash balance plans in the United States has jumped nearly 500% over the last decade, according to a report.
Air Canada may get rid of its pension plan deficit, which was $3.7 billion at the end of January, in seven years.
Broadening the investment options available to American DC plans to include real assets, emerging market equities and debt, and liquid alternatives could improve returns while…
Sustainability is a clichéd, overused word in the DB pension plan arena these days. Sustainability focuses on delivering an appropriate retirement benefit at an acceptable…
Following the downgrade of Illinois’s debt by a second credit rating agency, governor Patrick Quinn called for a special legislative session to address the state’s…
The solvency position of Canadian pension plans continued to rise in May.
AFBS hits the mark with its social media policy
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…