Keyword: defined benefit pension plans

510 results found
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An article on legal challenges filed against the federal government’s hybrid work mandate for public service employees 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. Unions representing federal public service workers file legal challenges against hybrid work mandate 2. Expert […]

  • By: Staff
  • May 31, 2024 May 30, 2024
  • 09:00
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One of the many consequences of the coronavirus pandemic was an unprecedented interest in the life expectancy of Canadians. While the increased focus on life expectancy seemed to wane once the worst of the pandemic had passed, a recent report by the Canadian Institute of Actuaries on mortality improvements has brought the topic of life […]

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The estimated cost to transfer retiree pension risk to an insurer in a competitive bidding process increased from 100.3 per cent of a plan’s accounting liabilities in March to 100.9 per cent in April, according to Milliman Inc.’s latest pension buyout index. The index uses the FTSE above median AA curve and annuity purchase composite […]

  • By: Staff
  • May 28, 2024 May 28, 2024
  • 09:00

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, […]

  • By: Staff
  • May 24, 2024 May 23, 2024
  • 09:00
Canada’s DB pension plans post 5% return in Q4, close 2020 with 10% gain

The funded position of a typical Canadian defined benefit pension plan rose on both a solvency and accounting basis in April, according to Telus Health’s latest pension index. It found the solvency of the average DB plan rose to 106.4 per cent in April, up from 106 per cent in March. The accounting index, which […]

  • By: Staff
  • May 23, 2024 May 22, 2024
  • 09:00
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The federal government’s promise to encourage Canadian institutional investors to invest more domestically is taking shape with two key initiatives found in the 2024 budget. The first involves the creation of a working group led by Stephen Poloz, former Governor of the Bank of Canada, to explore domestic opportunities for Canadian institutional investors in various […]

The Association of Professors of the University of Ottawa and the Ontario Confederation of University Faculty Associations are joining the University Pension Plan, as of April 30, 2024. Since its inception in July 2021, the UPP has seen a number of plan sponsors join the plan, beginning with the University of Toronto Faculty Association, the University of […]

  • By: Staff
  • May 16, 2024 May 16, 2024
  • 09:00
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A Saskatchewan arbitrator has ruled that Canadian Blood Services doesn’t owe an employee eight years of retroactive pension contributions because it took the proper steps to fix its failure to provide her with enrolment forms within the appropriate time limits. “The decision recognizes that mistakes happen in administering pension plans and that administrators can take […]

Warehouse workers and transportation drivers employed by Martin Brower in Ontario have ratified a three-year collective agreement that includes pension and benefits gains. The workers, who are members of Unifor Local 1285, reached an agreement that will see pension contributions increase by $100, up to $700 over the life of the agreement, and the employer […]

  • By: Staff
  • May 10, 2024 May 10, 2024
  • 15:00
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An article on the federal government’s financial sanctions against the Canada Life Assurance Co. following delayed benefits access for public employees was the most-read article on BenefitsCanada.com. Here are the top five human resources, benefits, pension and investment stories of the past week: 1. Canada Life facing gov’t financial sanctions following delayed benefits access for public […]

  • By: Staff
  • May 10, 2024 May 10, 2024
  • 09:00