Half of Canadian employees behind in retirement savings: survey
Half (51 per cent) of Canadian employees say they’re behind in their retirement savings and 34 per cent are worried about not having enough money…
Latest news in Retirement
Top 5 HR, benefits, pension and investment stories of the week
An article announcing the winners of Benefits Canada‘s 2024 Workplace Benefits Awards was the most-read story on BenefitsCanada.com this past week. Here are the top five…
- By: Staff
- October 25, 2024 October 24, 2024
- 09:00
CAAT pension plan’s optional savings account allowing members to consolidate retirement savings
A new retirement savings vehicle could benefit members of the Colleges of Applied Arts and Technology’s pension plan by streamlining investment choice and maximizing their…
- By: Blake Wolfe
- October 24, 2024 October 23, 2024
- 09:00
88% of SMEs experiencing challenges finding skilled talent: survey
Nearly nine in 10 (88 per cent) Canadian small- and medium-sized employers say they’re experiencing challenges finding skilled talent, according to a new survey by…
- By: Staff
- October 22, 2024 October 22, 2024
- 15:00
Canada’s retirement system ranks No. 17 out of 48 countries, has room for improvement: report
Canada’s retirement system ranks No. 17 out of 48 countries, down from No. 12 in 2023, according to a new report by Mercer and the…
- By: Staff
- October 22, 2024 October 21, 2024
- 11:00
OMERS launching new resources guide to support members’ retirement security
The Ontario Municipal Employees’ Retirement System recently launched a new hub on its member website dedicated to retirement income sources. The new webpage is designed to…
- By: Staff
- October 21, 2024 October 21, 2024
- 15:00
Nova Scotia offers retirement fund top-ups to attract, retain physicians
The Nova Scotia government is offering to pay up to $15,000 a year into a new retirement benefits program for doctors in hopes the public…
- By: Michael Tutton, the Canadian Press
- October 17, 2024 October 17, 2024
- 15:00
2024 Top 50 DC Plans Report: How are plan sponsors using AI to affect pension member experience, savings outcomes?
The Co-operative Superannuation Society Pension Plan is in the middle of a years-long digital transformation that’s aiming to improve member experience. In addition to introducing…
- By: Kelsey Rolfe
- October 11, 2024 October 9, 2024
- 08:58
Canadian insurers paid out record $128BN in health, retirement benefits in 2023: CLHIA
Canada’s life and health insurers paid out a record $128 billion in health and retirement benefits last year, up from $114 billion in 2022, according…
- By: Staff
- October 3, 2024 October 1, 2024
- 15:00
Survey finds 33% of North American workers report declining financial situation
A third (33 per cent) of North American workers say they’re financially worse off than a year ago and have financial issues that are negatively…
- By: Staff
- September 24, 2024 September 20, 2024
- 15:00
ONWA joining CAAT’s DBplus pension plan
Roughly 200 employees of the Ontario Native Women’s Association are joining the Colleges of Applied Arts and Technology’s DBplus pension plan. The ONWA is a…
- By: Staff
- September 18, 2024 September 18, 2024
- 15:00
IBM transferring US$6 billion in pension liabilities via group annuity buyout
International Business Machines Corp. is transferring roughly US$6 billion in defined benefit pension obligations through a group annuity buyout. Prudential Financial Inc. will assume responsibility…
- By: Staff
- September 13, 2024 September 13, 2024
- 15:00
Editorial: Many happy returns
With the return of autumn, change is once again in the air. For the last nine months, I’ve lead the editorial team at Benefits Canada…
- By: Blake Wolfe
- September 13, 2024 September 12, 2024
- 09:00
B.C. family doctors call for sick days, pensions ahead of October election
Representatives of family doctors in British Columbia say giving physicians paid sick days, vacation coverage, extended health and dental benefits and a pension plan is…
- By: Ethan Cairns, the Canadian Press
- September 13, 2024 September 12, 2024
- 09:00
How employers can support female employees’ financial, retirement wellness
Brianne Collins, age 29, has worked as a senior copywriter at a large Toronto-based advertising agency for just over a year. Collins’ agency supports employee…
- By: Brooke Smith
- September 13, 2024 September 12, 2024
- 08:57
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 October 7, 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
Bristol-Myers Squibb sued for US$2BN pension risk transfer deal
Bristol-Myers Squibb Co. is being targeted in a lawsuit over a US$2 billion pension risk transfer deal completed in 2019 with Athene Annuity and Life…
- By: Staff
- September 12, 2024 September 12, 2024
- 11:00
Wall Street rally helped boost 401(k) gains in first half of 2024: report
Strong growth for stocks on Wall Street this year have helped juice gains for savers with retirement accounts. The average 401(k) plan balance stood at…
- By: Alex Veiga, the Associated Press
- September 5, 2024 September 5, 2024
- 15:00
Just 42% of U.S. workers confident they’re saving enough for retirement: survey
Just two-fifths (42 per cent) of U.S. employees say they feel highly confident they’re on track to save what they need in retirement, according to…
- By: Staff
- September 3, 2024 September 3, 2024
- 15:00
Survey finds 34% of U.S. employees aged 50 and older phasing into retirement
A third (34 per cent) of U.S. employees aged 50 and older are phasing into retirement, according to a new survey by WTW. The survey,…
- By: Staff
- August 29, 2024 August 29, 2024
- 15:00
Argentine Senate passes pension spending increase in a blow to President Milei’s radical austerity
Argentina’s Senate defied President Javier Milei to push through an increase to pension spending that would cost at least 0.4 per cent of the country’s…
- By: Isabel Debre, the Associated Press
- August 23, 2024 August 23, 2024
- 13:00
20% of U.S. workers aren’t currently saving for retirement: survey
A fifth (20 per cent) of U.S. workers aren’t currently saving for retirement, according to a new survey by Flexjobs. The survey, which polled more…
- By: Staff
- August 23, 2024 August 22, 2024
- 09:00
Survey finds U.S. employees’ average retirement savings decreases in 2024
The average amount that U.S. adults have saved for retirement dropped slightly from US$89,300 in 2023 to $88,400 in 2024 and more than $10,000 from its…
- By: Staff
- August 22, 2024 August 21, 2024
- 09:00
Top 5 HR, benefits, pension and investment stories of the week
An article on why Canadian workers say job flexibility is key to satisfaction was the most-read story on BenefitsCanada.com this past week. Here are the…
- By: Staff
- August 16, 2024 August 15, 2024
- 09:00