jointly sponsored pension plan – 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 2024 Risk Management Conference: A look at the first days of the WISE Trust: it ‘felt like a startup’ https://www.benefitscanada.com/canadian-investment-review/post-event-coverage/2024-risk-management-conference-a-look-at-the-first-days-of-the-wise-trust-it-felt-like-a-startup/ Mon, 21 Oct 2024 11:51:44 +0000 https://www.benefitscanada.com/?p=160630 Overseeing the transition of a single-employer pension plan to a jointly sponsored one felt at times like launching a startup firm, according to Theo Heldman, chief financial officer and vice-president of risk at the Workplace Insurance and Safety Employee Trust, speaking during a session at the Canadian Investment Review’s 2024 Risk Management Conference. “There was […]

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]]> UPP generates net return of 10.2% in 2023, net assets increase to $11.7BN https://www.benefitscanada.com/canadian-investment-review/research-markets/upp-generates-net-return-of-10-2-in-2023-net-assets-increase-to-11-7bn/ Wed, 12 Jun 2024 19:00:44 +0000 https://www.benefitscanada.com/?p=156813 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 […]

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]]> Association of Professors of the University of Ottawa, Ontario Confederation of University Faculty Associations joining UPP https://www.benefitscanada.com/pensions/defined-benefit-pensions/association-of-professors-of-the-university-of-ottawa-ontario-confederation-of-university-faculty-associations-joining-upp/ Thu, 16 May 2024 13:00:58 +0000 https://www.benefitscanada.com/?p=155566 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 […]

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]]> Can IBM’s retirement benefit account revive the traditional DB pension plan? https://www.benefitscanada.com/pensions/defined-benefit-pensions/can-ibms-retirement-benefit-account-revive-the-traditional-db-pension-plan/ Tue, 19 Dec 2023 14:00:44 +0000 https://www.benefitscanada.com/?p=148884 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 […]

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]]> University Pension Plan’s assets declined 9.1% in 2022, led by public equities https://www.benefitscanada.com/canadian-investment-review/cir-news/university-pension-plans-assets-declined-9-2-in-2022-led-by-public-equities/ Tue, 13 Jun 2023 13:00:19 +0000 https://www.benefitscanada.com/?p=139706 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 […]

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]]> Does the pension industry have a language problem? https://www.benefitscanada.com/archives_/benefits-canada-archive/does-the-pension-industry-have-a-language-problem/ Fri, 14 Apr 2023 12:55:48 +0000 https://www.benefitscanada.com/?p=136115 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 […]

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