Latest news in Retirement

2022 DC Plan Summit: Tracing the roots of dynamic pension pools across history, geographies

Dynamic pension pools can have a significant and positive impact on retirement outcomes if they’re supported by the appropriate legislative changes, said Barbara Sanders, associate…

2022 DC Plan Summit: The impact of career gaps, caregiving on women’s retirement readiness

When it comes to educating women about retirement and their finances, the needle hasn’t moved enough in the past few decades because the language being…

2022 DC Plan Summit: Considering flexibility when implementing in-plan decumulation

While defined contribution pension plan sponsors are focusing on providing members with information, education and guidance to ensure they’re ready for retirement, advice is becoming…

2022 DC Plan Summit: How are DC plan sponsors modernizing their savings plans?

In a panel discussion during Benefits Canada‘s 2022 DC Plan Summit, three defined contribution pension plan sponsors shared how their plans are evolving to ensure…

2022 DC Plan Summit: Reviewing retirement savings through a DEI lens

An open dialogue about diversity, equity and inclusion is vital for raising the resilience and overall wealth of pension plan members, said Ryan Weiss, vice-president…

2022 DC Plan Summit: Kraft-Heinz merger kicks off review, streamlining of pension plan

With the 2015 merger of Kraft Foods and H.J. Heinz Co., Kraft Heinz Canada was left with a “mixed bag” of savings and retirement programs.…

2022 DC Plan Summit: Canfor’s multi-year financial wellness program goes beyond retirement

Providing tools to help defined contribution pension plan members make solid financial decisions rather than making the decisions for them was the impetus for Canadian…

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Pension spending contributed more than $4.4BN to Alberta’s GDP in 2021: report

Pension spending alone supported more than 41,000 jobs across Alberta and contributed more than $4.4 billion to the province’s gross domestic product in 2021, according…

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Alcoa entering $1BN annuity transfer for U.S. DB pensions

Alcoa Corp. is de-risking roughly US$1 billion in U.S. defined benefit pension obligations and assets with an annuity transfer. The group annuity contracts will be…

  • By: Staff
  • August 8, 2022 August 8, 2022
  • 15:00
Furloughed WestJet workers demand clarity on wage subsidy program amid pay cut

WestJet, Unifor agreement includes retirement gains, sick days

The union representing nearly 800 employees at Calgary and Vancouver airports has ratified a first contract that includes retirement and benefits gains. The contract cements…

Sun Life selling U.K. pension and annuities business

Sun Life Financial Inc. is selling its U.K. pension and annuities business. The company has entered an agreement to sell SLF of Canada U.K. Ltd.…

  • By: Staff
  • August 5, 2022 August 5, 2022
  • 09:00
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Trader Joe’s employees form union, citing concerns about health benefits, pay

On Thursday, employees at a Trader Joe’s supermarket in Massachusetts became the latest workers at a major company to approve a labour union. The store…

Top 5 HR, benefits and pension stories of the week

An article on Public Health Sudbury’s violation of the Ontario Human Rights Code following an employee’s termination over a vaccine refusal was the most-read story…

  • By: Staff
  • July 29, 2022 July 29, 2022
  • 09:00
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Rejected by courts, U.S. retirees take last shot to save pensions

Dave Muffley thought he had it made when it came to a solid retirement. The Indiana man spent roughly 30 years as a salaried maintenance…

OAS increase an opportunity for employees to consider delaying retirement: expert

While old-age security has permanently increased by 10 per cent for seniors aged 75 and older, employees can maximize this benefit, along with their Canada…

81% of U.S. employees concerned about retirement readiness amid inflation: survey

Eight in 10 (81 per cent) U.S. employees with an employer-sponsored retirement savings plan say they’re concerned about inflation impacting their retirement, according to a…

  • By: Staff
  • July 27, 2022 July 26, 2022
  • 09:00
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More than 6.6M Canadians participating in employer-sponsored pension plans: StatsCan

The percentage of Canadians participating in an employer-sponsored pension plan continues to rise, with roughly 6.6 million plan members in 2020, up 57,000 from 2019,…

  • By: Staff
  • July 20, 2022 July 21, 2022
  • 09:00

Unifor workers at eight Ontario casinos ready to strike over pensions, benefits

Roughly 2,000 Unifor members at eight Ontario casinos have voted to strike if new pension and benefits agreements can’t be negotiated by midnight on July 22.…

  • By: Staff
  • July 18, 2022 July 18, 2022
  • 15:00

Hilton, Unifor agreement includes retirement, benefits enhancements

The union representing 60 employees at the Hilton Garden Inn in Ajax, Ont. has ratified a three-year agreement that includes retirement and benefits gains. The…

  • By: Staff
  • July 18, 2022 July 15, 2022
  • 09:00
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Top 5 HR, benefits and pension stories of the week

An expert panel about the impact of environmental, social and governance-focused target-date funds on capital accumulation plans was the most-read story on BenefitsCanada.com over the…

  • By: Staff
  • July 15, 2022 July 15, 2022
  • 09:00

58% of Canadian pre-retirees contributing to retirement savings: survey

While more than half (58 per cent) of employees within 10 years of retirement are contributing to retirement savings, only about a third (30 per…

  • By: Staff
  • July 12, 2022 July 11, 2022
  • 09:00
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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…

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
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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