Just 29% of U.S. workers saving enough for retirement: survey
Fewer than a third (29 per cent) of U.S. employees say they’re building a large enough retirement nest egg, according to a survey by non-profit…
- By: Staff
- July 8, 2022 July 8, 2022
- 15:00
Latest news in Retirement
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…
- By: The Associated Press
- July 8, 2022 July 7, 2022
- 09:00
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
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
Survey finds half of young U.S. employees withdrawing early from retirement savings
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…
- By: Staff
- July 5, 2022 July 4, 2022
- 09:00
French election results scuttle Macron’s hopes for pension reform
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…
- By: Staff with files from Canadian Press
- June 30, 2022 June 30, 2022
- 13:20
More U.S., U.K. employers offering new childcare programs, subsidies amid pandemic: survey
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…
- By: Staff
- June 27, 2022 June 27, 2022
- 15:00
Ontario court awards $210K in costs against FSRA in Brewers Retail pension case
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…
- By: Julius Melnitzer
- June 27, 2022 June 29, 2022
- 09:00
75% of Canadian employees believe there’s an emerging retirement crisis: survey
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…
- By: Staff
- June 24, 2022 June 24, 2022
- 09:00
Report finds U.S. DC plan members continuing contributions in Q1, despite market upheaval
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…
- By: Staff
- June 22, 2022 June 23, 2022
- 15:00
Stelco entering $1.3BN annuity buy-in for DB pension
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…
- By: Staff
- June 20, 2022 June 23, 2022
- 09:00
2022 BPS coverage: Plan sponsors should be bold with benefits plan design amid ‘Great Resignation’
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…
- By: Lauren Bailey
- June 17, 2022 June 17, 2022
- 08:50
HOOPP approves pension increase for active members
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…
- By: Staff
- June 10, 2022 June 13, 2022
- 09:25
U.S. DC pension plan sponsors seeking clarity on ESG guidelines, increasing focus on financial wellness: survey
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…
- By: Staff
- June 6, 2022 June 3, 2022
- 09:00
Report finds retirees with DB pension plans draw down savings slower than those with DC plans
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,…
- By: Staff
- May 31, 2022 May 30, 2022
- 09:00
Scotiabank supporting employee financial well-being with pension info sessions
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…
- By: Blake Wolfe
- May 30, 2022 May 27, 2022
- 09:00
Saskatchewan permitting electronic naming of beneficiaries for pensions, retirement plans
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…
- By: Staff
- May 27, 2022 May 27, 2022
- 15:00
Top 5 HR, benefits and pension stories of the week
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.…
- By: Staff
- May 27, 2022 May 26, 2022
- 09:00
Survey finds 56% of U.S. employees expecting less than $500K in retirement savings
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,…
- By: Staff
- May 27, 2022 May 27, 2022
- 09:00
Expert panel: How employers can design health benefits, retirement plans for gig workers
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,…
- By: Sara Tatelman
- May 24, 2022 May 26, 2022
- 09:00
Contract workers at post-secondary institutions missing out on pensions, paid leave: report
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…
- By: Staff
- May 13, 2022 May 13, 2022
- 09:00
Top 5 HR, benefits and pension stories of the week
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…
- By: Staff
- May 13, 2022 May 13, 2022
- 09:00
How are personalized communications connecting with employees?
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…
- By: Jennifer Paterson
- May 13, 2022 May 13, 2022
- 08:55
A look at MEPPs in a shifting pension landscape
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…
- By: Blake Wolfe
- May 13, 2022 May 13, 2022
- 08:54
Comfortable retirement out of reach for many employees: report
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…
- By: Staff
- May 11, 2022 May 11, 2022
- 15:00
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