jointly sponsored pension plan – Benefits Canada.com

UPP generates net return of 10.2% in 2023, net assets increase to $11.7BN

bmcgovern — Wed, 12 Jun 2024 19:00:44 +0000

The University Pension Plan generated a net return of 10.2 per cent in 2023, up from a 9.1 per cent loss in 2022, according to its latest annual report. As of Dec. 31, 2023, the investment organization’s net assets increased to $11.7 billion, up from $10.8 billion in 2022. It also reported a funded status […]

The post UPP generates net return of 10.2% in 2023, net assets increase to $11.7BN appeared first on Benefits Canada.com.

Association of Professors of the University of Ottawa, Ontario Confederation of University Faculty Associations joining UPP

bmcgovern — Thu, 16 May 2024 13:00:58 +0000

The Association of Professors of the University of Ottawa and the Ontario Confederation of University Faculty Associations are joining the University Pension Plan, as of April 30, 2024. Since its inception in July 2021, the UPP has seen a number of plan sponsors join the plan, beginning with the University of Toronto Faculty Association, the University of […]

The post Association of Professors of the University of Ottawa, Ontario Confederation of University Faculty Associations joining UPP appeared first on Benefits Canada.com.

Can IBM’s retirement benefit account revive the traditional DB pension plan?

lbailey — Tue, 19 Dec 2023 14:00:44 +0000

After closing its defined benefit pension plan nearly two decades ago and replacing it with a less riskier defined contribution plan, International Business Machines Corp. is launching a new retirement benefit account that allows its U.S. employees to have the best of both worlds. Last week, the company ceased its 401(k) matching and one per […]

The post Can IBM’s retirement benefit account revive the traditional DB pension plan? appeared first on Benefits Canada.com.

University Pension Plan’s assets declined 9.1% in 2022, led by public equities

Gideon Scanlon — Tue, 13 Jun 2023 13:00:19 +0000

The University Pension Plan posted 9.1 per cent losses in 2022, according to its annual report. During the year, the jointly sponsored defined benefit pension plan’s assets declined from $11.8 billion to $10.8 billion. The plan finished the year with a solvency ratio of 103.3 per cent, down from 111 per cent at the end […]

The post University Pension Plan’s assets declined 9.1% in 2022, led by public equities appeared first on Benefits Canada.com.

Does the pension industry have a language problem?

Jennifer Paterson — Fri, 14 Apr 2023 12:55:48 +0000

Defined benefit. Defined contribution. Target benefit. Shared risk. Collective. Multi-employer. Pooled. Canada’s pension and retirement landscape is littered with lingo that can often be confusing for the people who participate in these plans and count on them for their retirement income. As pension plans evolve and the terms describing them expand, does the industry have […]

The post Does the pension industry have a language problem? appeared first on Benefits Canada.com.