Defined contribution pensions – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Fri, 01 Nov 2024 19:12:49 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 Canada Post appointing Theva Naidoo as director of pension fund investments, external equities https://www.benefitscanada.com/notice/appointment-notice/canada-post-appointing-theva-naidoo-as-director-of-pension-fund-investments-external-equities/ Thu, 06 Jul 2023 16:30:43 +0000 https://www.benefitscanada.com/?p=140769 The Canada Post Corp. pension plan is appointing Thavanesan Naidoo as director of pension fund investments and external equities. Naidoo, who has more than 30 years of experience in pension and investment management, joins the Canada Post plan from the CIBC pension plan where he was director of pension investment strategy. In the new role, […]

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]]> 81% of U.S. public sector workers worry about retirement savings: survey https://www.benefitscanada.com/pensions/retirement/81-of-u-s-public-sector-workers-worry-about-retirement-savings-survey/ Tue, 07 Feb 2023 14:00:19 +0000 https://www.benefitscanada.com/?p=133460 The majority (81 per cent) of U.S. public sector employees worry whether they’ll have enough money to last them through retirement, according to a new survey by MissionSquare Research Institute. The annual survey, conducted alongside the International Public Management Association for Human Resources and the National Association of State Personnel Executives, also found just 41 per […]

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]]> Hitachi, Unifor agreement includes DB, DC pension increases, enhanced health benefits https://www.benefitscanada.com/news/bencan/hitachi-unifor-agreement-includes-db-dc-pension-increases-enhanced-benefits/ Tue, 24 May 2022 13:00:38 +0000 https://www.benefitscanada.com/?p=121715 The union representing employees at a Hitachi Construction Truck Manufacturing Ltd. plant in Guelph, Ont. has ratified an agreement that includes pension and benefits gains. Unifor Local 1917 Hitachi unit members voted 95 per cent in favour of the three-year collective agreement, which includes a $0.25 contribution increase to the defined benefit pension plan, from […]

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]]> A look at the Co-operators Group’s new decumulation offering https://www.benefitscanada.com/archives_/benefits-canada-archive/a-look-at-the-co-operators-group-new-decumulation-offering/ Fri, 19 Nov 2021 13:58:31 +0000 https://www.benefitscanada.com/?p=111652 One, as Harry Nillson crooned in his classic breakup song, can feel like the loneliest number. At the end of working life, many retirees with defined contribution pension plans can be left feeling alone and confused — cut off from their plan sponsors and pension administrators and sent out with their savings accounts into the […]

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]]> Who are the winners of the 2021 Workplace Benefits Awards? https://www.benefitscanada.com/news/bencan/who-are-the-winners-of-the-2021-workplace-benefits-awards/ Fri, 15 Oct 2021 13:05:20 +0000 https://www.benefitscanada.com/?p=108923 Benefits Canada is thrilled to announce the winners of the 2021 Workplace Benefits Awards. At a virtual roundtable and awards ceremony on Thursday, 23 finalists gathered to discuss their leading benefits and pension strategies, followed by winner announcements across 10 categories. All of the finalists represent benefits and pension plans covering nearly 300,000 Canadians. These employers are proactively and passionately aiming to […]

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]]> How can pension plan sponsors help women hit their retirement readiness stride? https://www.benefitscanada.com/archives_/benefits-canada-archive/how-can-pension-plan-sponsors-help-women-hit-their-retirement-readiness-stride/ Fri, 17 Sep 2021 12:54:45 +0000 https://www.benefitscanada.com/?p=107325 Preparing financially for retirement is a marathon filled with many obstacles along the way to a constantly shifting finish line. Even in 2021, female employees tend to have more obstacles and subsequently lag well behind their male counterparts when it comes to retirement savings. Women retire 30 per cent less wealthy than men, according to […]

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]]> Pension membership on the rise in Canada: StatsCan https://www.benefitscanada.com/news/bencan/pension-membership-increasing-in-canada-statscan/ Wed, 07 Jul 2021 19:00:37 +0000 https://www.benefitscanada.com/?p=103557 More than 125,000 Canadians became active members in a registered pension plan in 2019, according to a new report by Statistics Canada. It found the number of active members was up two per cent from 2018 to just over 6.5 million. Women accounted for more than three-quarters of the increase in new memberships — up 97,500 from 2018 to 3.3 million — while about 28,000 more men joined […]

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]]> Americans still saving via DC plans despite pandemic-fuelled uncertainty: report https://www.benefitscanada.com/pensions/cap/americans-still-saving-via-dc-plans-despite-pandemic-fuelled-uncertainty-report/ Wed, 16 Jun 2021 19:00:08 +0000 https://www.benefitscanada.com/?p=102210 Despite the uncertainty wrought by the coronavirus pandemic, Americans are continuing to save for retirement through defined contribution pension plans, according to new data from the Investment Company Institute. The institute tracks contributions, withdrawals and other activities based on DC plan record-keeper data covering more than 30 million participant accounts in employer-based plans on a […]

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]]> Feds extending pension plan relief by one year to help employers, employees through pandemic https://www.benefitscanada.com/pensions/governance-law/feds-extending-pension-plan-relief-by-one-year-to-help-employers-employees-through-pandemic/ Fri, 21 May 2021 19:30:32 +0000 https://www.benefitscanada.com/?p=100976 The federal government is extending its relief to registered pension plans and deferred salary leave plans by one year to help employers manage and maintain benefits for their employees through the coronavirus pandemic. The draft regulations, initially released on July 2, 2020, are aimed at ensure pension plan sponsors and their beneficiaries have the flexibility they […]

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]]> Plan sponsors, pension plans taking lessons from 2020 to decade ahead https://www.benefitscanada.com/benefits/health-benefits/plan-sponsors-pension-plans-taking-lessons-from-2020-to-the-decade-ahead/ https://www.benefitscanada.com/benefits/health-benefits/plan-sponsors-pension-plans-taking-lessons-from-2020-to-the-decade-ahead/#respond Fri, 29 Jan 2021 05:00:11 +0000 https://cumulus.benefitscanada.com/uncategorized/plan-sponsors-pension-plans-taking-lessons-from-2020-to-decade-ahead/ Following an unprecedented 2020, Canada’s plan sponsors and pension plans are incorporating the lessons of the last year as they prepare for a new decade, according to a recent webinar hosted by Mercer Canada. The coming years will be marked by developments including increased geopolitical tensions and the lingering economic effects of the coronavirus pandemic, […]

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