Latest news in Retirement

Top 5 HR, benefits and pension stories of the week

An article on how employers can support workers as a record number of Canadians prepare to retire was the most-read story on BenefitsCanada.com over the…

  • By: Staff
  • May 6, 2022 May 6, 2022
  • 09:00

DCIIA urging U.S. government to develop emergency savings plans

The Defined Contribution Institutional Investment Association is calling on the U.S. government to develop flexible emergency savings solutions for employees. The Washington, D.C.-based organization is…

  • By: Staff
  • May 6, 2022 May 6, 2022
  • 09:00

Longevity pessimism poses risks to retirement planning: survey

By underestimating life expectancy, employees risk running out of money in retirement, according to a new survey by analytics firm Club Vita. The survey, which…

  • By: Staff
  • May 5, 2022 May 4, 2022
  • 09:00

How employers can support workers as record number of Canadians near retirement

With a record number of Canadians nearing retirement, employers can support workers through retirement planning initiatives and education, says one expert. According to a report…

Copyright_scyther5_123RF

401(k) providers offering cryptocurrency investment options to U.S. workers

More workers may soon be able to stake some of their 401(k) retirement savings to Bitcoin, as cryptocurrencies crack even deeper into the mainstream. Retirement…

Copyright_dmitrydemidovich_123RF

Top 5 HR, benefits and pension stories of the week

A ruling by the Supreme Court of British Columbia on the B.C. Credit Union Employers’ Pension Plan’s normal retirement date was the most-read story on…

  • By: Staff
  • April 29, 2022 April 28, 2022
  • 09:00

30% of Canadians relying on workplace pension as primary source of retirement income: survey

Almost a third (29 per cent) of Canadians believe their employer-sponsored pension plan will be their primary source of retirement income, while 15 per cent…

  • By: Staff
  • April 29, 2022 April 28, 2022
  • 09:00

B.C. court upholds pension plan’s decision to increase retirement age

The Supreme Court of British Columbia has upheld the B.C. Credit Union Employers’ Pension Plan’s decision to increase its normal retirement date to age 65…

  • By: Staff
  • April 26, 2022 April 25, 2022
  • 09:00
161931952_Roman Samborskyi_123rf

Survey finds 84% of U.S. workers questioning ability to prioritize retirement savings amid rising inflation

Due to inflation, a majority (84 per cent) of U.S. employees believe their money doesn’t go as far as it used to, leaving many to…

  • By: Staff
  • April 21, 2022 April 21, 2022
  • 09:00

Retirement-age employees fear low interest rates, rising inflation will impact retirement income: survey

More than half (61 per cent) of U.S. employees nearing retirement age believe low interest rates combined with rising inflation will make it difficult to…

  • By: Staff
  • April 19, 2022 April 18, 2022
  • 09:00

Top 5 HR, benefits and pension stories of the week

A story that took an in-depth look at the federal government’s 2022 budget proposals and their potential impacts on employers and employees was the most-read…

  • By: Staff
  • April 14, 2022 April 13, 2022
  • 09:05

How Foresters Financial redesigned its pension, benefits plans to provide employees with more flexibility

In 2021, Foresters Financial redesigned its retirement and benefits plans to be more flexible, relevant and competitive, modernizing the plans with the recognition that employees…

A look at the pandemic’s impact on pension plans in Canada’s travel, transportation sectors

The economic impact of the pandemic has been unevenly distributed across various industries, with travel and transportation among the hardest-hit sectors. However, while travel restrictions…

Copyright_Andrii Dragan_123RF

U.S. employers enhancing or looking to enhance DC pension plans: survey

The vast majority of U.S. employers are eyeing enhancements to their defined contribution pension plans in an effort to boost their employees’ retirement security and…

  • By: Staff
  • April 12, 2022 April 11, 2022
  • 09:00

Physical health, work-life balance and ability to retire top concerns for Canadian employees: survey

Canadian employees’ top concerns are physical health and fitness, work load and work-life balance, ability to retire and mental health, according to a new survey…

  • By: Staff
  • April 11, 2022 May 2, 2022
  • 09:00
Copyright_serezniy_123RF

Great-West Lifeco subsidiary completes acquisition of Prudential’s retirement business

Empower Retirement, the U.S. subsidiary of Great-West Lifeco Inc., has completed the previously announced acquisition of Prudential Financial Inc.’s full-service retirement business. With the completed…

  • By: Staff
  • April 5, 2022 April 4, 2022
  • 09:00
Copyright_slasny_123RF

A fifth of U.S. workers tapping into retirement savings as financial stress rises: survey

While 84 per cent of U.S. employees believe their employer should be responsible for their financial well-being, only 55 per cent feel their company is concerned…

  • By: Staff
  • April 4, 2022 April 4, 2022
  • 15:00

RRSP contributions up 13% between 2019 and 2020, finds Stats Can

In 2020, more than 6.2 million Canadians put aside a total of $50.1 billion for their retirement by making contributions to their registered retirement savings…

  • By: Staff
  • April 4, 2022 April 4, 2022
  • 09:00

Survey finds SMEs using benefits to attract, retain employees

More than two-thirds (71 per cent) of small- and mid-sized U.S. employers said offering more employee benefits helps improve retention, while 70 per cent said…

  • By: Staff
  • March 31, 2022 March 30, 2022
  • 09:00
Copyright_Mikhail Tsikhanovich_123RF

Ontario Liberals promising portable drug, dental and mental-health services

Ahead of the upcoming provincial election, Ontario Liberal Leader Steven Del Duca is promising several benefits for employees and employers in his economic platform. The platform,…

  • By: Staff
  • March 29, 2022 March 28, 2022
  • 09:00

Financial wellness programs should have measurable, tangible impact: study

While many employees say they’re open to using employer-provided financial wellness assistance, some are hesitant, citing lack of trust and a need for employers to…

  • By: Staff
  • March 28, 2022 March 28, 2022
  • 15:00

Top 5 HR, pension and benefits stories of the week

A story on a pilot benefits plan program that provides plan members with access to traditional Indigenous medicines and services was the most read article…

  • By: Staff
  • March 25, 2022 March 25, 2022
  • 09:00

Survey finds U.S. employees confident about retirement, but inflation, pandemic concerns linger

While the majority (79 per cent) of U.S. employees remain confident they’ll be able to retire when and how they want, a quarter are less…

  • By: Staff
  • March 23, 2022 March 22, 2022
  • 09:00

Just 52% of Canadians confident they’re saving enough for retirement: survey

While a majority (75 per cent) of Canadians are making their financial wellness a priority in 2022, only 52 per cent expressed confidence about the retirement…

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

Top 5 HR, pension and benefits stories of the week

The announcement of a new multi-employer pension plan for Canadian physicians was the most read story over the past week on BenefitsCanada.com. Here are the five…

  • By: Staff
  • March 18, 2022 March 17, 2022
  • 09:01