Latest news in Retirement

Dynamic pension pools a viable decumulation option for Canadians: report

With 10 million Canadian baby boomers entering retirement, dynamic pension pools could help seniors turn their accumulated savings into low-cost lifetime pension income, according to…

  • By: Staff
  • November 16, 2021 November 15, 2021
  • 09:00

Survey says 22% of pre-retirees planning to work past age 65

A growing number of pre-retirees are planning to delay their retirement past age 65, according to a new survey by Fidelity Investments Inc. The survey,…

  • By: Staff
  • November 15, 2021 November 16, 2021
  • 15:00

Automatic features in DC pension plans may benefit members: FSRA

The Financial Services Regulatory Authority of Ontario is encouraging defined contribution pension plan sponsors and administrators to evaluate the use of automatic features within the…

  • By: Staff
  • November 12, 2021 November 11, 2021
  • 09:00

Top 5 HR, pension and benefits stories of the week

Stories delving into how employers and employees are dealing with returning to the workplace dominated the top stories over the past week on BenefitsCanada.com, with three of…

  • By: Staff
  • November 12, 2021 November 12, 2021
  • 09:00

75% of older Canadians worrying about financial security: survey

Three-quarters (75 per cent) of Canadians nearing or in early retirement said the coronavirus pandemic has them more concerned about their family’s financial security and…

  • By: Staff
  • November 5, 2021 November 5, 2021
  • 09:00

Top 5 HR, pension and benefits stories of the week

A story on the maximum pensionable earnings under the Canada Pension Plan for 2022 took the top spot over the past week on BenefitsCanada.com. Here are…

  • By: Staff
  • November 5, 2021 November 5, 2021
  • 09:00

CPP maximum pensionable earnings rising to $64,900 in 2022

The maximum pensionable earnings under the Canada Pension Plan for 2022 is increasing to $64,900 from $61,600 in 2021. The new ceiling was calculated according to a CPP legislated…

  • By: Staff
  • November 2, 2021 November 2, 2021
  • 09:00

Expert panel: Six ways to incorporate green initiatives into benefits offerings

The Council of Parties to the United Nations’ climate convention, known as COP26, which is currently underway in Glasgow has put climate change on the…

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Award finalists discuss mental health, enhanced communications amid pandemic

More than 19 months into the coronavirus pandemic, employers are focusing on enhanced mental-health offerings and streamlined communications for their benefits and pension plans. During a…

Top 5 HR, pension and benefits stories of the week

A story looking at the award-winning strategy behind Canadian Forest Products Ltd.’s ongoing support for employees’ savings and retirement goals took the top spot over…

  • By: Staff
  • October 29, 2021 October 29, 2021
  • 09:00

Majority of HR leaders believe benefits, retirement offerings meeting needs of all: survey

The majority of human resources professionals said they believe their organizations’ current benefits and retirement offerings are meeting the needs of a diverse workforce, according to…

  • By: Staff
  • October 29, 2021 October 29, 2021
  • 09:00

Canfor wins award for educating employees on retirement savings

Canadian Forest Products Ltd.’s ongoing support for employees’ savings and retirement goals resulted in a win in the Financial wellness category at Benefits Canada’s 2021…

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Italy’s public pension system favours early retirees: report

The decision to favour contributors to Italy’s defined benefit pension plan during its transition to a defined contribution model favours early retirees and disadvantages younger…

  • By: Staff
  • October 21, 2021 October 21, 2021
  • 11:00

More U.S. not-for-profit employees participating in retirement savings plans: survey

Despite the coronavirus pandemic’s impact on the U.S. not-for-profit sector in 2020, employees participated in 403(b) retirement plans at the highest level since tracking began…

  • By: Staff
  • October 20, 2021 October 19, 2021
  • 09:00

Toronto seafood market engaging employees with profit-sharing plan, health benefits

A Toronto-based seafood market is using its benefits and compensation offerings to engage employees in an industry hit particularly hard by the coronavirus pandemic. David…

Top 5 HR, pension and benefits stories of the week

A look at a survey finding employees are prioritizing workplace benefits plans amid an increasingly competitive job market took the top spot as the most-read story…

  • By: Staff
  • October 15, 2021 October 15, 2021
  • 09:00

Focusing on TDF glide paths as migration from DB to DC plans continue

The selection of a target-date fund glide path is more crucial than ever as the migration from DB to DC pension plans continues. Since its…

Helping employees understand the benefits of delaying CPP/QPP

The old adage “good things come to those who wait” is especially true of Canada and Quebec Pension Plan benefits. A $1,000 monthly CPP/QPP benefit…

Top 5 HR, pension and benefits stories of the week

With many employers currently planning where employees will work post-coronavirus pandemic, our story on the Royal Bank of Canada’s hybrid work model piqued the interest…

  • By: Staff
  • October 8, 2021 October 8, 2021
  • 09:00

Employers offering retirement benefits seeing stronger staff productivity: survey

Nearly half (44 per cent) of employers that offer retirement benefits said employee productivity has been better than normal over the past year, compared to…

  • By: Staff
  • October 7, 2021 October 7, 2021
  • 09:00

Canadians’ financial well-being up slightly, focus on retirement growing: survey

Canadians reported slightly higher levels of financial well-being in the summer of 2021, with many focusing on saving for retirement, according to a new survey…

  • By: Staff
  • October 5, 2021 October 5, 2021
  • 09:00

A quarter of Canadians delaying retirement due to pandemic: survey

Nearly a quarter (23 per cent) of working Canadians say the coronavirus pandemic has delayed their — or their spouse’s — timeline to retirement, according…

  • By: Staff
  • September 30, 2021 September 30, 2021
  • 15:00

Solvency reserve accounts missing from Manitoba’s new pension amendments

Although Manitoba’s Pension Amendments Act takes effect on Oct. 1, pension plan sponsors are disappointed that the provisions allowing them to use reserve accounts to…

New surveys highlight discrepancies in retirement readiness

About a third (36 per cent) of working Canadians and 21 per cent of retirees aren’t confident how much money their retirement income sources will provide…

  • By: Staff
  • September 28, 2021 September 27, 2021
  • 09:00

University of Victoria Students’ Society joining CAAT’s DBplus pension

The University of Victoria Students’ Society is the first Vancouver Island employer to join the Colleges of Applied Arts and Technology pension plan’s DBplus. By…

  • By: Staff
  • September 27, 2021 October 6, 2021
  • 15:00