employer-sponsored pension plans – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Fri, 22 Nov 2024 22:16:07 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 Canada’s retirement system ranks No. 17 out of 48 countries, has room for improvement: report https://www.benefitscanada.com/pensions/retirement/canadas-retirement-system-ranks-no-17-out-of-48-countries-has-room-for-improvement-report/ Tue, 22 Oct 2024 15:00:46 +0000 https://www.benefitscanada.com/?p=161588 Canada’s retirement system ranks No. 17 out of 48 countries, down from No. 12 in 2023, according to a new report by Mercer and the CFA Institute. The report analyzed retirement systems based on adequacy, sustainability and integrity. The top three systems remain unchanged from last year, with the Netherlands receiving the highest overall score (84.8 […]

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]]> B.C. family doctors call for sick days, pensions ahead of October election https://www.benefitscanada.com/news/bencan/b-c-family-doctors-call-for-sick-days-pensions-ahead-of-october-election/ Fri, 13 Sep 2024 13:00:00 +0000 https://www.benefitscanada.com/?p=160136 Representatives of family doctors in British Columbia say giving physicians paid sick days, vacation coverage, extended health and dental benefits and a pension plan is one way to help attract more doctors to work in the province. The B.C. College of Family Physicians and B.C. Family Doctors published a series of requests for whichever party […]

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]]> 2024 CAP Member Survey: How CAPs are supporting employee financial wellness amid growing economic uncertainty https://www.benefitscanada.com/archives_/benefits-canada-archive/2024-cap-member-survey-how-caps-are-supporting-employee-financial-wellness-amid-growing-economic-uncertainty/ Fri, 13 Sep 2024 12:56:03 +0000 https://www.benefitscanada.com/?p=159902 From 2016 to 2024, fewer plan members are confident they’ve saved enough for retirement. Indeed, Benefits Canada’s 2024 CAP Member Survey found plan members’ optimism that their retirement is on track declined to 56 per cent from 63 per cent in 2022, while three-quarters (73 per cent) said they’re worried they won’t have enough saved […]

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]]> Wall Street rally helped boost 401(k) gains in first half of 2024: report https://www.benefitscanada.com/canadian-investment-review/dc-investments/wall-street-rally-helped-boost-401k-gains-in-first-half-of-2024/ Thu, 05 Sep 2024 19:00:17 +0000 https://www.benefitscanada.com/?p=159798 Strong growth for stocks on Wall Street this year have helped juice gains for savers with retirement accounts. The average 401(k) plan balance stood at US$127,100 at the end of the second quarter, an increase of 13 per cent from the same period last year, according to data from Fidelity Investments drawn from 24 million […]

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]]> Survey finds 34% of U.S. employees aged 50 and older phasing into retirement https://www.benefitscanada.com/pensions/retirement/survey-finds-34-of-u-s-employees-aged-50-and-older-phasing-into-retirement/ Thu, 29 Aug 2024 19:00:10 +0000 https://www.benefitscanada.com/?p=159613 A third (34 per cent) of U.S. employees aged 50 and older are phasing into retirement, according to a new survey by WTW. The survey, which polled 10,000 U.S. employees working at medium- and large-sized private sector companies, found among workers who are currently phasing into retirement, six in 10 (61 per cent) have reduced […]

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]]> Demand for in-plan annuity options growing among U.S. workers, employers: report https://www.benefitscanada.com/pensions/retirement/demand-for-in-plan-annuity-options-growing-among-u-s-workers-employers-report/ Mon, 29 Jul 2024 19:00:40 +0000 https://www.benefitscanada.com/?p=158505 Seven in 10 U.S. workers between the ages of 40 and 80 with at least $100,000 in investable assets say they’d be “very” or “somewhat” likely to select an in-plan annuity option if it were available within their employer-sponsored retirement savings plan, according to a new report by LIMRA. It also found younger plan participants […]

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]]> Global employers say parental leave, EAPs among most prevalent minimum employee benefits: survey https://www.benefitscanada.com/benefits/health-benefits/global-employers-say-parental-leave-eaps-among-most-prevalent-minimum-employee-benefits-survey/ Fri, 19 Jul 2024 17:30:16 +0000 https://www.benefitscanada.com/?p=158237 The most prevalent minimum employee benefits that are offered by multinational companies are employee assistance programs and life insurance (73 per cent), maternity leave (70 per cent) and paternity leave (69 per cent), according to a new survey by Aon. The survey, which polled nearly 300 employers from across 31 countries, found these standard offerings […]

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]]> 59% of Canadians with a workplace pension plan feel prepared for retirement: survey https://www.benefitscanada.com/pensions/retirement/59-of-canadians-with-a-workplace-pension-plan-feel-prepared-for-retirement-survey/ Wed, 26 Jun 2024 19:00:48 +0000 https://www.benefitscanada.com/?p=157468 Six in 10 (59 per cent) Canadians with an employer-sponsored pension plan say they feel somewhat or very well prepared for retirement, compared to only 34 per cent of respondents without a workplace pension plan, according to a new survey by the Healthcare of Ontario Pension Plan. The survey, which polled 2,000 Canadian employees, found fewer than […]

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]]> 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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]]> U.S. employees feeling confident about retirement savings: survey https://www.benefitscanada.com/pensions/retirement/u-s-employees-feeling-confident-about-retirement-savings-survey/ Fri, 10 May 2024 13:00:01 +0000 https://www.benefitscanada.com/?p=155397 While a majority of U.S. employees say they’re very confident (39 per cent) or confident (29 per cent) they’re doing a good job preparing for retirement, nearly two-thirds (62 per cent) either strongly or somewhat agree that preparing for retirement makes them feel stressed, according to a new survey by the Employee Benefit Research Institute. […]

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