Alberta – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Fri, 26 Jul 2024 16:14:51 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 Medicus Pension Plan reports 158% funded status at start of 2024 https://www.benefitscanada.com/canadian-investment-review/db-investments/medicus-pension-plan-reports-158-funded-status-at-start-of-2024-report/ Tue, 11 Jun 2024 13:00:46 +0000 https://www.benefitscanada.com/?p=156720 The Medicus Pension Plan, a defined benefit multi-employer pension plan designed exclusively for incorporated physicians in Canada, reported a funded status of 158 per cent on a going-concern basis and a 115 per cent funded status on a solvency basis as of Jan. 1, 2024. The plan, which launched in May 2023, is designed to […]

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]]> CPPIB CEO defends current Canadian investment structure, respects rights of Alberta to consider CPP exit https://www.benefitscanada.com/news/cir-news-news/cppib-ceo-defends-current-canadian-investment-structure-respects-rights-of-alberta-to-consider-cpp-exit/ Fri, 07 Jun 2024 19:00:58 +0000 https://www.benefitscanada.com/?p=156627 In an open letter, John Graham, president and chief executive officer at the Canada Pension Plan Investment Board, defended the the investment organization’s current exposure to domestic markets. Canadian pension funds have recently faced criticism from business leaders about what they deemed an apparent lack of support and a preference for global investment opportunities. Graham […]

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]]> Public meeting in Edmonton attracts hundreds amid talk of province’s CPP withdrawal https://www.benefitscanada.com/pensions/governance-law/public-meeting-in-edmonton-attracts-hundreds-amid-talk-of-provinces-cpp-withdrawal/ Tue, 30 Apr 2024 13:00:51 +0000 https://www.benefitscanada.com/?p=154909 Hundreds of Albertans turned out for a meeting in Edmonton last week to hear officials from the Canada Pension Plan Investment Board discuss the state of the national retirement plan, while acknowledging Alberta’s ongoing discussion about leaving it, according to reporting by the Edmonton Journal. The meeting attracted a crowd of about 400 people, during […]

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]]> Ontario civil servants noting flaws in Alberta’s CPP portion calculations: report https://www.benefitscanada.com/pensions/governance-law/ontario-civil-servants-noting-flaws-in-albertas-cpp-portion-calculations-report/ Thu, 25 Jan 2024 14:00:09 +0000 https://www.benefitscanada.com/?p=151094 Ontario civil servants are questioning the methodology used in a report that determined how much money Alberta could extract from the Canada Pension Plan if the province were to leave the CPP and launch its own plan, according to reporting by the Edmonton Journal. In a series of briefs, the Ontario Ministry of Finance outlined several inconsistencies […]

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]]> Top 5 HR, benefits, pension and investment stories of the week https://www.benefitscanada.com/news/bencan/top-5-hr-benefits-pension-and-investment-stories-of-the-week-43/ Fri, 14 Jul 2023 13:00:45 +0000 https://www.benefitscanada.com/?p=141061 An article on the Canada Post Corp. pension plan’s 2022 results was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Canada Post pension plan down 6.7% in 2022 2. Survey finds employees seeking more control over workday through flexible hours, remote working 3. Fidelity supporting young […]

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]]> Alberta government accused of sitting on provincial pension feasibility study https://www.benefitscanada.com/pensions/governance-law/alberta-government-accused-of-sitting-on-provincial-pension-feasibility-study/ Tue, 11 Jul 2023 16:00:44 +0000 https://www.benefitscanada.com/?p=140928 Alberta’s finance critic says a report on the feasibility of a provincial replacement for the Canada Pension Plan has been kept back from the public for the past two years. In a press conference held last week, Shannon Phillips, a member of the New Democratic Party and opposition finance critic, criticized the United Conservative Party […]

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]]> LAPP appointing Troy Mann as president, CEO https://www.benefitscanada.com/pensions/defined-benefit-pensions/lapp-appointing-troy-mann-as-president-ceo/ Thu, 22 Jun 2023 16:30:10 +0000 https://www.benefitscanada.com/?p=140166 The Local Authorities Pension Plan Corp. is appointing Troy Mann as president and chief executive officer. He joins the Edmonton-based organization from the Alberta Pensions Services Corp., where he was vice-president of pensions services. Earlier in his career, he was also chief pensions and benefits officer at Vestcor Pension Services Corp. and assistant deputy minister […]

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]]> Top 5 HR, benefits, pension and investment stories of the week https://www.benefitscanada.com/news/bencan/top-5-hr-benefits-pension-and-investment-stories-of-the-week-19/ Fri, 13 Jan 2023 14:00:44 +0000 https://www.benefitscanada.com/?p=132455 An article on the potential impacts of Alberta withdrawing from the Canada Pension Plan was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Employers raising concerns over Alberta leaving CPP, but expert says move could yield benefits for workers 2. Co-operators acquiring Smart Employee Benefits […]

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]]> Employers raising concerns over Alberta leaving CPP, but expert says move could yield benefits for workers https://www.benefitscanada.com/pensions/governance-law/employers-raising-concerns-over-alberta-leaving-cpp-but-expert-says-move-could-yield-benefits-for-workers/ Thu, 12 Jan 2023 14:00:24 +0000 https://www.benefitscanada.com/?p=132102 While many Alberta employers say they’d be disadvantaged if the province left the Canada Pension Plan, one expert says a provincial pension plan could benefit members by reducing contributions and increasing retirement savings. Last November, Alberta Premier Danielle Smith instructed the province’s finance minister to provide recommendations on the implementation of a provincial pension plan. According […]

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]]> Top 10 HR, benefits, pension and investment stories of 2022 https://www.benefitscanada.com/news/bencan/top-10-hr-benefits-pension-and-investment-stories-of-2022/ Fri, 23 Dec 2022 14:00:40 +0000 https://www.benefitscanada.com/?p=131940 Amid the lingering coronavirus pandemic, vaccination policies and paid sick leave were top of mind among Benefits Canada’s readers in 2022. However, stories about new employee benefits and compensation planning, as well as pension and retirement matters, also caught readers’ eyes. Here are Benefits Canada’s 10 most popular stories of the year: 1. Feds consider definition of ‘fully […]

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