contribution holiday – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Tue, 19 Nov 2024 20:00:16 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 How are Canadian DB pension plan sponsors making use of surplus funds amid positive funded status environment? https://www.benefitscanada.com/pensions/defined-benefit-pensions/how-are-canadian-db-pension-plan-sponsors-making-use-of-surplus-funds-amid-positive-funded-status-environment/ Thu, 26 Sep 2024 15:00:26 +0000 https://www.benefitscanada.com/?p=160541 With many Canadian defined benefit pension plans in a strong funded position, plan sponsors, particularly those with unionized workforces, are increasingly discussing the use of surplus funds, says Gavin Benjamin, a partner in the retirement and benefits solutions practice at Telus Health. The funded position of a typical Canadian defined benefit pension plan rose on […]

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]]> Expert panel: How DB pension plan sponsors can use surplus https://www.benefitscanada.com/expertpanel_/gavin-benjamin/expert-panel-how-db-pension-plan-sponsors-can-use-surplus/ Tue, 16 May 2023 13:00:02 +0000 https://www.benefitscanada.com/?p=138052 In 2022, the typical defined benefit pension plan achieved an investment return of roughly negative 12 per cent. However, due to dramatic increases in bond yields and a subsequent decrease in pension liabilities, many pension plans ended 2022 with the same — or better — solvency funded level that they had at the beginning of […]

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]]> CIA supporting going-concern plus regime, auto features in Alberta’s private sector pensions https://www.benefitscanada.com/pensions/governance-law/cia-supporting-going-concern-plus-regime-auto-features-in-albertas-private-sector-pensions/ Mon, 07 Nov 2022 14:00:53 +0000 https://www.benefitscanada.com/?p=129415 The Canadian Institute of Actuaries is supporting several of the Alberta government’s proposed legislative and policy updates for private sector pension laws, including the move towards a going-concern plus regime for defined benefit plans and the introduction of automatic features in defined contribution plans. In its response to the consultation draft, the CIA cited the benefits […]

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]]> A look at the pandemic’s impact on pension plans in Canada’s travel, transportation sectors https://www.benefitscanada.com/archives_/benefits-canada-archive/a-look-at-the-pandemics-impact-on-pension-plans-in-canadas-travel-and-transportation-sectors/ Thu, 14 Apr 2022 12:57:35 +0000 https://www.benefitscanada.com/?p=119111 The economic impact of the pandemic has been unevenly distributed across various industries, with travel and transportation among the hardest-hit sectors. However, while travel restrictions and subsequent employee layoffs in these industries made headlines throughout 2020 and 2021, the pension plans provided by these employers have largely weathered any economic fallout. The impact on air […]

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