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…
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…
Two-fifths (40 per cent) of U.S. employees and one in five U.K. workers say their employer has introduced new childcare programs or subsidies over the past…
An Ontario Superior Court judge is awarding Brewers Retail Inc. $210,000 in costs against the Financial Services Regulatory Authority of Ontario. Justice Ed Morgan’s award…
Two-thirds (66 per cent) of employees are willing to take a job with a lower salary and a pension plan than one with a higher…
Just 0.9 per cent of 35 million U.S. defined contribution pension plan members ceased making contributions during the first quarter of 2022, according to a…
Stelco Inc. is de-risking one of its defined benefit pension plans with a $1.3 billion annuity buy-in. The deal, which covers more than 7,000 United…
The ‘Great Resignation’ is ushering in a period of great transformation for employers, the workforce and the workplace of the future, said Charmaine Alexander, senior…
The Healthcare of Ontario Pension Plan is increasing its lifetime pension for all active plan members effective Jan. 1, 2023. As an example, under the…
While there’s broad interest in environmental, social and governance factors, the majority of U.S. defined contribution pension plan consultants said their plan sponsor clients are…
Retirees with defined benefit pension plans are less likely to draw down their savings to cover their spending than those with a defined contribution plan,…
Scotiabank is supporting its employees’ financial well-being with a week of information sessions in June. Ayman Alvi, director of global benefits at Scotiabank, says the…
Pension and retirement plan members in Saskatchewan can now designate beneficiaries through electronic means. The provincial government recently passed a series of amendments regarding the…
An article on how employers can create health benefits and retirement plans for gig workers was the most-read story on BenefitsCanada.com over the last week.…
While U.S. employees say it takes $1.1 million in savings, on average, to retire comfortably, 56 per cent expect to have less than $500,000 saved,…
Whether they’re delivering takeout, chauffeuring passengers, or fixing leaky sinks, most gig workers in Canada don’t get benefits. Classified as independent contractors rather than employees,…
Contract food services and custodial workers at Canada’s colleges and universities have less access to pensions and paid leave than their in-house colleagues, according to…
An article on the potential future of pension plans in the private sector was the most-read story on BenefitsCanada.com over the last week. Here are…
As employers increasingly customize their human resources, benefits and pension communications campaigns, how are these methods connecting with employees? Long gone are the days of…
As the move away from traditional defined benefit plans continues and intensifies, Canada’s multi-employer pension plans are providing employers with another retirement savings option for…
While Canadians nearing retirement age have seen a doubling in the median value of both their assets and net worth since 1999, the prospect of…
A third (33 per cent) of recently retired Canadians said they retired sooner than they planned and 30 per cent of pre-retirees intend to change…
Roughly two-fifths (37 per cent) of U.S. employers are increasing the quality of their existing benefits offerings to help with employee retention and attraction efforts,…
Pension coverage in the public sector is high, with the vast majority of public sector employees covered by a defined benefit pension plan. However, the…
Almost two-thirds (61 per cent) of U.S. employees aged 25 to 35 have changed jobs in the last two years or are planning to make…