funding relief – Benefits Canada.com

IKEA Canada offering emergency grants, discounts to help workers combat inflation

Sadie Janes — Wed, 16 Aug 2023 13:00:40 +0000

IKEA Canada is supporting employees amid the rising cost of living by offering emergency relief grants through its Ingka Social Fund and extra discounts on select products. “The establishment of the global social fund was triggered by the energy crisis and inflationary pressures that many are experiencing in markets around the world,” says Natasha Bagley, […]

The post IKEA Canada offering emergency grants, discounts to help workers combat inflation appeared first on Benefits Canada.com.

Largest U.S. DB plans’ average funded status reaches 93.8%: report

bwolfe — Thu, 10 Mar 2022 14:00:56 +0000

The average funded status for the largest U.S. defined benefit pension plans was 93.8 per cent in 2021, up from 86.2 per cent in 2020 and reaching the highest level in 15 years, according to a new report by Russell Investments Group. The report, which analyzed 19 publicly listed U.S. corporations with more than US$20 […]

The post Largest U.S. DB plans’ average funded status reaches 93.8%: report appeared first on Benefits Canada.com.

Feds consulting on pension solvency relief measures, VPLAs

mschmit — Tue, 10 Nov 2020 05:24:56 +0000

The federal government is consulting on potential solvency funding relief options for 2021 and measures to further strengthen the framework for federally regulated pension plans. About seven per cent of private pension plans in Canada are federally regulated, such as those in industries like banking, telecommunications and inter-provincial transportation, noted a press release from the […]

The post Feds consulting on pension solvency relief measures, VPLAs appeared first on Benefits Canada.com.