DB plan sponsors still worried about de-risking, six-hour workdays, a book review, Meet an Advisory Board Member, Market Watch and more in the May 2014 edition of Frontlines.
Diversified pooled fund managers outperformed the benchmark, on average, in the first quarter of the year.
The federal government has unveiled a proposal for target benefit plans, pension programs that share the risk between employers and employees.
Canadian DB plans have de-risking on their mind, with most sponsors considering plan design changes, rather than annuity purchases.
The biggest challenge for DB pensions isn’t the cost, but the volatility.
Prince Edward Island and Manitoba have joined Ontario’s Technical Advisory Group on Retirement Security.
Pension plans are the topic du jour, even outside of HR circles. Funding challenges, retirement income adequacy, intergenerational equity and financial stability are only a few of the issues under discussion and in the media. But all talk and little action may be sounding the death knell for these programs. Unless pension plans can evolve relatively quickly to meet changing needs and circumstances, they face extinction.
Here's a review of people on the move in February 2014.
When faced with issues regarding the sustainability of its DB pension plan, Saint John Energy, an electrical distribution utility servicing the City of Saint John, N.B., took an innovative approach to implement a leading-edge solution. As a result, Saint John Energy has been able to make changes to its plan design with member approval.
There are good reasons for those who are already providing workplace pension plans to support an increase to the CPP. The most obvious is that higher CPP benefits reduce pension obligations under most plans. According to a recent survey by Morneau Shepell, more than half of those polled were willing to increase employer contributions to […]