capital accumulation plans – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Mon, 15 Jul 2024 20:34:28 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 2024 Top 100 Pension Funds report: Employees’ financial wellness moving up the agenda for pension plan sponsors https://www.benefitscanada.com/archives_/benefits-canada-archive/2024-top-100-pension-funds-report-employees-financial-wellness-moving-up-the-agenda-for-pension-plan-sponsors/ Fri, 21 Jun 2024 12:55:32 +0000 https://www.benefitscanada.com/?p=157051 When Phillip Kotanidis took over as chief human resources officer at Toronto’s Michael Garron Hospital in 2018, the financial well-being of staff wasn’t exactly high on his agenda. In such a fast-paced and potentially stressful workplace, money matters naturally took a backseat to the physical and mental health of the hospital’s staff, who are members […]

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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-83/ Fri, 24 May 2024 13:00:46 +0000 https://www.benefitscanada.com/?p=156029 An article highlighting CGI Group’s initiatives for Mental Health Awareness Month was the most-read story on BenefitsCanada.com this week. Here are the top five human resources, benefits, pension and investment stories of the past week: 1. CGI Group promoting mental-health support through compassion tool, employee recognition 2. Gen Z reports worsened communication skills due to remote working, […]

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]]> Editorial: What a difference four years makes https://www.benefitscanada.com/archives_/benefits-canada-archive/editorial-what-a-difference-four-years-makes/ Fri, 10 May 2024 13:00:23 +0000 https://www.benefitscanada.com/?p=155103 Four years ago, as the coronavirus pandemic entered its third month, I unknowingly — and unwittingly — took my first steps towards a new chapter in my career. As a writer for a Canadian travel trade publication, I was suddenly without work as the health crisis brought the global travel industry to a screeching halt. […]

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]]> How the ‘father of the 401(k)’ is still helping employees find retirement security https://www.benefitscanada.com/news/bencan/how-the-father-of-the-401k-is-still-helping-employees-find-retirement-security/ Wed, 08 May 2024 13:00:28 +0000 https://www.benefitscanada.com/?p=155225 More than 40 years after Ted Benna conceived of what’s now known as the modern defined contribution pension plan structure, the so-called ‘father of the 401(k)’ is still trying to create a retirement savings plan that’s accessible for employees at all income levels. While working at Johnson Cos. in September 1979, Benna found a way […]

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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-80/ Fri, 19 Apr 2024 13:00:14 +0000 https://www.benefitscanada.com/?p=154428 A story on how Organon Canada is supporting women employees at every stage of their career was the most-read story on BenefitsCanada.com. Here are the top five human resources, benefits, pension and investment stories of the past week: 1. Organon launching initiative to support women’s career, health journey in the workplace 2. Survey finds 38% of Canadian employees […]

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]]> Back to basics on investment glide paths https://www.benefitscanada.com/archives_/benefits-canada-archive/back-to-basics-on-investment-glide-paths/ Fri, 12 Apr 2024 12:53:46 +0000 https://www.benefitscanada.com/?p=154085 Simply put, a glide path is a calculation designed to support an employee’s desired retirement timeline through investments in a target-date fund. When an employee first joins a defined contribution pension plan with a target-date fund, they’re exposed to capital appreciation assets that offer the most attractive risk-adjusted returns in the wealth accumulation phase, typically […]

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]]> 55% of Americans worry they won’t have financial security in retirement: survey https://www.benefitscanada.com/pensions/retirement/55-of-americans-worry-they-wont-have-financial-security-in-retirement-survey/ Fri, 01 Mar 2024 14:00:02 +0000 https://www.benefitscanada.com/?p=152495 More than half (55 per cent) of Americans say they’re worried they won’t achieve financial security in retirement, according to a new survey by the National Institute on Retirement Security. The survey, which polled more than 1,200 individuals aged 25 and older in the U.S., found more than three-quarters (79 per cent) believed there’s a retirement […]

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]]> Fewer than 40% of Black Americans say they’ve saved enough for retirement: survey https://www.benefitscanada.com/pensions/retirement/fewer-than-40-of-black-americans-say-theyve-saved-enough-for-retirement-survey/ Fri, 16 Feb 2024 14:00:38 +0000 https://www.benefitscanada.com/?p=152051 Fewer than four in 10 Black Americans say they’ve saved or are saving enough for retirement according to a new survey by LIMRA. The survey, which polled 3,000 employees, also found Black Americans were less likely than the general population to have invested in a workplace retirement account (37 per cent compared to 46 per […]

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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-72/ Fri, 16 Feb 2024 14:00:05 +0000 https://www.benefitscanada.com/?p=152080 An article on the Canada Revenue Agency’s guidance for how employers must determine the province of employment for remote workers was the most-read story on BenefitsCanada.com. Here are the top five human resources, benefits, pension and investment stories of the week: 1. CRA clarifying how employers must determine province of employment for remote workers 2. Quebec’s amendment […]

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]]> What are the issues for savings when mental health becomes a burden in retirement? https://www.benefitscanada.com/archives_/benefits-canada-archive/what-are-the-issues-for-savings-when-mental-health-becomes-a-burden-in-retirement/ Fri, 09 Feb 2024 13:56:03 +0000 https://www.benefitscanada.com/?p=151405 Since decreased cognition can impact retirees’ ability to make sound decisions, the Canadian Union of Public Employees urges its members to discuss financial matters with their families long before exiting the workforce. “If we wait until we’re in distress, we either make very bad decisions or we don’t make any decisions at all, which can […]

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