Expanding the Canada Pension Plan will help address the continuing decline of workplace pensions, said the national president of the Canadian Union of Public Employees.
In its fall economic statement, the Government of Ontario said it would take steps to make the province's retirement income system better.
Canada is seeing a striking discrepancy in pension benefits between public and private employees, a trend that threatens to create two classes of retirees, a new report argues.
After five years of piecemeal changes, Ontario’s pension system now requires substantial reform in order to resolve serious issues such as the scarcity of workplace pension plans in the private sector.
With its aging population and growing longevity, Canada needs to overhaul its public and private pension systems in order to secure the future of new retirees, according to a fresh report.
To help their plan members prepare for retirement, DC plan sponsors need to complete the accumulation-to-de-accumulation cycle Retirement security for Canadians is clearly one of today’s big issues. It’s a hot topic for pundits and politicians. It’s the reason the federal government has introduced the Pooled Registered Pension Plans Act and financial institutions have been […]
The majority of pension plan sponsors believe that Canada is experiencing a retirement crisis, according to a survey.
It’s widely recognized that Canadians aren’t saving enough for retirement and benefits costs are continuing to rise. In Alberta, the story’s largely the same, but there are subtle differences compared to the rest of the country, especially with regards to work-life balance and wellness initiatives.
Minister of Finance Ken Krawetz introduced legislation to enable the Saskatchewan Pension Plan to apply for a pooled registered pension plan licence.
A unique aspect of Canada’s private pension system is that the responsibility for regulatory oversight falls primarily within the provincial domain, with the federal government having jurisdiction over minimum standards for certain industries (e.g., transportation and banking). The result is a diverse and relatively complex regulatory framework for employer-sponsored plans. Over the years, many stakeholders […]