Just 29% of U.S. workers saving enough for retirement: survey
Fewer than a third (29 per cent) of U.S. employees say they’re building a large enough retirement nest egg, according to a survey by non-profit…
- By: Staff
- July 8, 2022 July 8, 2022
- 15:00
Top Stories in Pensions
Biden’s Ohio visit spotlights effort to rescue troubled MEPPs
Reassuring frustrated blue-collar voters, U.S. President Joe Biden on Wednesday visited Ohio iron workers to highlight federal action to shore up troubled pension funding for…
- By: The Associated Press
- July 8, 2022 July 7, 2022
- 09:00
CIFSC releases responsible investment framework for Canadian funds
The Canadian Investment Funds Standards Committee is releasing the final framework it will use to identify investment funds that disclose adopting responsible investing strategies. “Given…
- By: Staff
- July 7, 2022 July 6, 2022
- 11:00
Quebec paramedics striking for lower DB pension plan retirement age, equitable pay
Paramedics from 40 ambulance services across Quebec are striking to lower the required retirement age for their defined benefit pension plan and for pay equity…
- By: Staff
- July 7, 2022 July 6, 2022
- 09:00
Access to collective investment trusts will strengthen 403(b) retirement plans: report
U.S. employers offering 403(b) retirement plans will benefit from access to collective investment trusts, according to a report by the Defined Contribution Institutional Investment Association.…
- By: Staff
- July 6, 2022 July 6, 2022
- 15:00
Pensions, retirement security at heart of Timberland Equipment strike
More than 50 workers are on strike at Timberland Equipment Ltd. in Woodstock, Ont., after the company and the union failed to reach an agreement…
- By: Staff
- July 6, 2022 July 5, 2022
- 09:00
U of T pension assets grew by 4.7 per cent in the first half of 2021: UTAM report
The pension plan for the faculty and staff of the University of Toronto grew from $6.3 billion to $6.6 billion in the first six months of…
- By: Staff
- July 5, 2022 July 8, 2022
- 12:15
IMCO unveils ESG strategy, discloses portfolio emissions
The Investment Management Corp. of Ontario is publishing its inaugural environmental, social and governance report, which includes an outline of its four-pronged ESG integration strategy.…
- By: Staff
- July 5, 2022 July 5, 2022
- 12:00
Canadian DB plans’ median solvency ratio increases to 109% in Q2: report
Despite year-to-date asset losses and historically high levels of inflation, most Canadian defined benefit pension plans are reporting increased funded positions in the second quarter…
- By: Staff
- July 5, 2022 July 4, 2022
- 09:00
Survey finds half of young U.S. employees withdrawing early from retirement savings
Half (49 per cent) of U.S. employees younger than age 34 are withdrawing early from an individual retirement account or 401(k), according to a new…
- By: Staff
- July 5, 2022 July 4, 2022
- 09:00
French election results scuttle Macron’s hopes for pension reform
French president Emmanuel Macron’s efforts to reform his country’s pension system have been set back by the results of divisive national elections. During his campaign…
- By: Staff with files from Canadian Press
- June 30, 2022 June 30, 2022
- 13:20
Nova Scotia’s PSSP returns 5.56% for fiscal year
The Nova Scotia Public Service Superannuation Plan generated net returns of 5.56 per cent during its latest fiscal year, which ended on March 31, 2022.…
- By: Gideon Scanlon
- June 30, 2022 June 30, 2022
- 12:00
Higher long-term bond yields lowering annuity purchase costs for DB pension plan sponsors: expert
Higher long-term bond yields driven by rising interest rates are lowering the cost of annuity purchases for defined benefit pension plans, says Mary Kate Archibald,…
- By: Blake Wolfe
- June 30, 2022 June 30, 2022
- 09:00
Top 5 HR, benefits, pension and investment stories of the week
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…
- By: Staff
- September 27, 2024 September 26, 2024
- 09:00
How CAPSA’s updated CAP guideline will impact plan sponsors, members
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,…
- By: Blake Wolfe
- September 24, 2024 September 24, 2024
- 09:00
Report finds world’s 300 largest pension funds’ AUM increased 10% in 2023
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…
- By: Staff
- September 18, 2024 September 18, 2024
- 09:00
How are Canadian DB pension plan sponsors making use of surplus funds amid positive funded status environment?
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…
- By: Bryan McGovern
- September 26, 2024 September 25, 2024
- 11:00
Gov’t seeking feedback on solvency reserve accounts for federally regulated DB pension plans
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…
- By: Staff
- September 26, 2024 September 24, 2024
- 11:00
CalPERS CEO pay reaching US$1.2M due to investment performance boost: report
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…
- By: Staff
- September 25, 2024 September 23, 2024
- 15:00
2024 CAP Member Survey: How CAPs are supporting employee financial wellness amid growing economic uncertainty
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…
- By: Blake Wolfe
- September 13, 2024 September 12, 2024
- 08:56
How plan sponsors can support employees going through a divorce
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…
- By: Kelsey Rolfe
- September 13, 2024 September 12, 2024
- 08:54
2024 Top 100 Pension Funds report: Employees’ financial wellness moving up the agenda for pension plan sponsors
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…
- By: Michael McKiernan
- June 21, 2024 June 20, 2024
- 08:55
How Ontario pay transparency legislation will impact employers
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…
- By: Sadie Janes
- December 4, 2023 December 1, 2023
- 09:00
Desjardins using budget workshops, interactive game to support employee financial wellness
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…
- By: Sadie Janes
- November 24, 2023 November 23, 2023
- 09:00
2023 Healthy Outcomes Conference: A closer look at the mental, physical, financial risk factors facing plan members
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…
- By: Kelsey Rolfe
- November 20, 2023 November 15, 2023
- 07:58