indexation – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Mon, 04 Nov 2024 20:00:35 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 Federal public sector pension indexation rate set at 4.8% for 2024 https://www.benefitscanada.com/pensions/retirement/federal-public-sector-pension-indexation-rate-set-at-4-8-for-2024/ Thu, 30 Nov 2023 16:00:12 +0000 https://www.benefitscanada.com/?p=147987 The pension indexation rate for federal public sector pensions will be 4.8 per cent in 2024, according to the National Association of Federal Retirees. The rate, which is set by the Treasury Board Secretariat in accordance with the Public Service Superannuation Act and the Supplementary Retirement Benefits Act, is a decrease from last year’s indexation […]

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]]> Quebec court rules municipal sector pension law unconstitutional for retirees, justified for active members https://www.benefitscanada.com/pensions/governance-law/quebec-court-rules-municipal-sector-pension-law-unconstitutional-for-retirees-justified-for-active-members/ Thu, 29 Jun 2023 13:00:45 +0000 https://www.benefitscanada.com/?p=140505 The Quebec Court of Appeal has ruled the province’s Bill 15, which substantially modified municipal sector pension plans, is unconstitutional with respect to retirees but justified for active plan members. The legislation, which was passed in 2014, adopted a cost-sharing formula for plans and plan deficits, established a shared-cost stabilization fund and put an end […]

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]]> Expert panel: Does Canada need a pension champion? https://www.benefitscanada.com/expertpanel_/gavin-benjamin/expert-panel-does-canada-need-a-pension-champion/ Tue, 20 Dec 2022 14:00:42 +0000 https://www.benefitscanada.com/?p=131589 In the Expert Commission on Pensions’ 2008 review of Ontario’s pension system, it recommended an agency or unit of the provincial government serve as a pension champion. According to the commission, the pension champion’s responsibilities would include working closely with stakeholders, promoting and facilitating innovation in the pension system and leading policy development efforts in […]

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]]> OPTrust promoting financial literacy with enhanced communications, DB pension education program https://www.benefitscanada.com/pensions/pension-communication/optrust-promoting-financial-literacy-with-enhanced-communications-db-pension-education-program/ Thu, 17 Nov 2022 14:00:49 +0000 https://www.benefitscanada.com/?p=129653 The OPSEU Pension Trust is supporting employees’ and plan members’ financial literacy with its defined benefit pension education program and extensive member communications. “We run a program called People for Pensions, an education program focused on articulating the value of defined benefit pensions and not just the benefit they provide to people who have them, […]

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]]> Report finds CAP member outcomes rising due to high annuity rates https://www.benefitscanada.com/pensions/cap/report-finds-cap-member-outcomes-rising-due-to-high-annuity-rates/ Tue, 15 Nov 2022 14:00:02 +0000 https://www.benefitscanada.com/?p=129752 Capital accumulation plan member outcomes saw modest increases in the third quarter, due to high annuity rates that shielded members from modest investment market declines, according to a new report by Eckler Ltd. It found a typical male member retiring at the end of September achieved a gross income replacement ratio of 60.3 per cent […]

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]]> OMERS considering shared-risk indexing and expanding eligibility to non full-time workers https://www.benefitscanada.com/canadian-investment-review/db-investments/omers-considering-shared-risk-indexing-and-expanding-eligibility-to-non-full-time-workers/ https://www.benefitscanada.com/canadian-investment-review/db-investments/omers-considering-shared-risk-indexing-and-expanding-eligibility-to-non-full-time-workers/#respond Wed, 22 Apr 2020 07:47:39 +0000 https://cumulus.benefitscanada.com/uncategorized/omers-considering-shared-risk-indexing-and-expanding-eligibility-to-non-full-time-workers/ The Ontario Municipal Employees Retirement System sponsors corporation board is considering two plan design changes: the introduction of shared-risk indexing and the expansion of pension coverage to non full-time workers. On the shared-risk indexing front, the sponsors corporation board is looking at potentially reducing future inflation increases on benefits earned after Dec. 31, 2022. As […]

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