Veterans Affairs Minister Kent Hehr has all but ruled out a return to the old way injured veterans received pensions, setting up a potentially vicious fight with some of those hurt in uniform. In an interview Friday with The Canadian Press, Hehr touted the benefits and services available under the New Veterans Charter, which replaced […]
The Ontario Pension Board, which administers the province’s public service pension plan, had an annual investment return of 8.1 per cent at the end of 2016, an increase of nearly two percentage points compared to last year’s return of 6.14 per cent. Read: Ontario Pension Board earned 6.14% return in 2015 Net investment income during […]
It’s time to bring innovation to federal employee pension plans, Keith Ambachtsheer and Jim Leech wrote in an open letter to Finance Minister Bill Morneau last week. As it stands, these defined benefit plans place the full risk on taxpayers and could become “the Titantics of the 21st century,” note Ambachtsheer, director emeritus of the International Centre […]
Each year, employees at Britain’s Barclays Bank make decisions about their benefits and pension plan during the enrolment period. To learn more about their plan, staff typically have an information booklet and financial tools, such as a pension calculator, at their disposal. But six years ago, Barclays decided to apply a game-based approach to its […]
Proposed changes to the pension plan for members of the Newfoundland and Labrador legislature have been deferred following objections by the opposition parties. The move followed a Liberal proposal at the end of February that suggested the province’s House of Assembly Management Commission explore moving to a defined contribution pension for members elected on or […]
The Fédération Internationale de Football Association is reviewing payment and pension deals for its council members, who could see their US$300,000 annual stipends cut. “These matters will be dealt with in meetings at the end of this month,” FIFA said in a statement on Tuesday. The pay and pension review follows FIFA cost-cutting in the […]
Retirement is an important milestone. In the pension industry, we understand that active planning is critical to members meeting their goals and being able to enjoy the lifestyle they want in retirement. We also know the reality is most don’t start planning or even thinking about retirement until it’s literally around the corner. Why? When members […]
OPTrust’s investment return for 2016 decreased to six per cent, compared to its return of eight per cent in 2015. Its 2016 funded status report, released on Monday, shows the fund outperformed its actuarially projected discount rate of 5.5 per cent. It also outperformed its benchmarks in its alternative asset classes, which are internally managed. […]
Former employees of Wabush Mines in Newfoundland and Labrador received good news Thursday when the provincial government announced a legal move that could help them recover some of their losses from their defined benefit pension plan. The pensioners have been fighting for priority among creditors since the parent company, Cliffs National Resources Inc., closed its subsidiary operations […]
Despite a challenging start to 2016, the Healthcare of Ontario Pension Plan improved its investment return to 10.4 per cent by the end of the year. The number was up from 5.1 per cent in 2015. The fund’s net assets reached $70.4 billion, up from $63.9 billion in 2015. Its investment income for 2016 was also […]