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CPP at age 65 is affordable, for now

CPP at age 65 is affordable, for now

Employees’ retirement plans are affected by how long they stay in the workforce. Whether or not they work past 65 often depends on government policy,…

Have your say: Are public pension plans positive for taxpayers?

Have your say: Are public pension plans positive for taxpayers?

Public pension plans have received flak over the years, with critics calling for greater transparency around liabilities and fairness for taxpayers. The Canadian Federation of…

  • By: Staff
  • August 22, 2017 September 13, 2019
  • 09:54
Number of OAS beneficiaries to swell as boomers reach retirement

Number of OAS beneficiaries to swell as boomers reach retirement

The coming retirement of the baby-boomer generation will have a hefty impact on Canada’s old-age security program, according to the latest actuarial report by the Office…

  • By: Staff
  • August 18, 2017 September 13, 2019
  • 10:54
Northstar Aerospace blames union for pension shortfall as members face 24% cut

Northstar Aerospace blames union for pension shortfall as members face 24% cut

The parent company of Northstar Aerospace Inc. is rejecting as accusation that it has abandoned pensioners who are facing a 24 per cent cut as…

Consultants closing gap between themselves, plan members

Consultants closing gap between themselves, plan members

A consultant’s role was historically a passive one, says Martin Leclair, who recently left a role at Toronto-based consulting firm Proteus Performance Management. The consultant’s…

Caisse posts 5% return for mid-year 2017

Caisse posts 5% return for mid-year 2017

La Caisse de dépôt et placement du Québec has posted a return of five per cent for the first half of 2017 and a five-year…

  • By: Staff
  • August 11, 2017 September 13, 2019
  • 14:30
Chronicle Herald workers accept STD changes under deal to end 18-month strike

Chronicle Herald workers accept STD changes under deal to end 18-month strike

An 18-month strike by staff at the Halifax Chronicle Herald is over after the paper and unionized workers reached an agreement that provides for an eight-year employment…

  • By: Jann Lee
  • August 11, 2017 September 13, 2019
  • 09:25

Workers occupy Ontario aerospace plant over pension shortfall

Unifor members from Northstar Aerospace’s Milton, Ont., operations are occupying the plant and halting production in a dispute over a 24 per cent shortfall in staff…

  • August 10, 2017 January 20, 2021
  • 10:11
How is the Canadian dollar’s rise affecting pension plans?

How is the Canadian dollar’s rise affecting pension plans?

The Canadian dollar has risen dramatically since the beginning of May, which could have harsh implications for overseas assets held by Canadian pension funds. “Given…

Sounding Board: Building financial wellness into the lifetime journey

Sounding Board: Building financial wellness into the lifetime journey

Retirement is a notion fraught with paradox. For some, it resonates with the possibility of finally having more time to do, well, just about anything.…

Problems with Phoenix pay system extending to pension plan members

Problems with Phoenix pay system extending to pension plan members

The federal government’s difficulties with its problem-plagued Phoenix pay system are now affecting pension plan members who won’t be receiving their pension and insurance benefits statements this year…

Darwin Bozek appointed CEO of Alberta Pensions Services Corp.

Darwin Bozek appointed CEO of Alberta Pensions Services Corp.

The Alberta Pensions Services Corp. will have a new leader this month when Darwin Bozek takes on the role of president and chief executive officer.…

  • By: Staff
  • August 1, 2017 September 13, 2019
  • 09:17
CPPIB boosts IP assets by investing in rights to cancer drug

CPPIB boosts IP assets by investing in rights to cancer drug

The Canada Pension Plan Investment Board is boosting its intellectual property portfolio by purchasing royalty rights to a cancer drug. CPPIB Credit Europe, a wholly owned…

  • By: Staff
  • July 27, 2017 September 13, 2019
  • 11:10
Rio Tinto, B.C. workers avert strike with tentative agreement

Rio Tinto, B.C. workers avert strike with tentative agreement

Rio Tinto Alcan Inc. and its unionized employees at the company’s aluminum smelter in Kitimat, B.C. signed a tentative contract on Tuesday night, narrowly averting…

  • By: Staff
  • July 26, 2017 September 13, 2019
  • 10:48
Sounding Board: How blockchains, AI can transform pension administration

Sounding Board: How blockchain, AI can transform pension administration

Smartphones, touch screens and voice-assisted technologies like Siri and Alexa are transforming our lives. As people rely more on machines to help manage their daily…

Canada facing $13.4-trillion retirement savings deficit by 2050

Canada is facing a $13.4-trillion retirement savings deficit by 2050, up from a $2.7-trillion shortfall in 2015, according to a new report by Mercer. Among all…

  • By: Staff
  • July 19, 2017 September 13, 2019
  • 12:54
51% of executives predict benefits plans to be more generous by 2037

51% of executives predict benefits plans to be more generous by 2037

Despite all of the worries over costs, more than half of employers surveyed by Benefits Canada expect benefits to be more generous 20 years from now.…

  • By: Staff
  • June 27, 2017 September 13, 2019
  • 09:02
Editorial: The more things change . . .

Editorial: The more things change . . .

“Indexing has its place, but an open-ended commitment at taxpayers’ expense is totally out of the question, particularly when the private sector cannot afford to…

How do Canadian executives see the future of pensions and benefits?

How do Canadian executives see the future of pensions and benefits?

As part of its celebration of its 40th anniversary, Benefits Canada followed up on research undertaken five years ago into plan sponsors’ attitudes towards their…

Women saving one-third less than men for retirement

Women saving one-third less than men for retirement

The average retirement savings of women in the United States is one-third lower than the savings of their male counterparts, according to a new study…

  • By: Staff
  • June 19, 2017 September 13, 2019
  • 09:00

21% of Canadians believe public pensions will be defunct when they retire: report

One-fifth (21 per cent) of working age Canadians believe public pensions will no longer exist when they reach retirement, according to a new report by…

  • By: Staff
  • June 2, 2017 September 13, 2019
  • 10:00
Bridging the pension gender gap

Bridging the pension gender gap

Girls are “made of sugar and spice and everything nice — and gunpowder and Cubans and bourbon, no ice.” So sang Columbia Business School students…

Widow takes feds to appeals tribunal over CPP benefits denial

Widow takes feds to appeals tribunal over CPP benefits denial

Daniel Derksen was, by all accounts, the model of perfect health. Then one day, he complained about stomach pains and went to see a doctor.…

DC Plan Summit: DC plans coming of age

DC Plan Summit: DC plans coming of age

Defined contribution pension plans in Canada are maturing quickly and becoming more sophisticated. Contributions and plan assets continue to grow, investment options are evolving and…

DC Plan Summit: ATB focuses on flexibility in pension redesign

DC Plan Summit: ATB focuses on flexibility in pension redesign

The pension and benefits industry often talks about flexibility and customization of plans, but how many companies are actually changing their offerings to introduce those…