Canada is projected to see a 4% drop in its working-age population over the next eight years, putting additional pressure on underfunded plans, according to new research from Mercer.
A former worker at the NewPage Port Hawkesbury paper mill in Cape Breton says about 250 people have been hit with a $5- million bill because of a mistake made in the calculation of their pensions.
If you ask a registered pension plan administrator that has been dealing with GST/HST pension rebates and other tax filings what the acronym CRA stands for, it might suggest “confused revenue agency” or “confounded revenue agency.” Stories abound over pension entity rebate claims denied, time-wasting audits and reviews over small amounts, and demands to provide additional information and filings.
Like many people who work in pensions, Elaine Noel-Bentley certainly didn’t expect to end up in the industry. “Nine-year-olds don’t say, ‘I’m going to be a pension guru when I grow up,’ ” she says.
PRPPs and social media strategy Watch this video Katherine Strutt, general manager of the Saskatchewan Pension Plan (SPP), gives her opinion on who will best benefit from PRPPs and how the model compares to the SPP. She also weighs in on the merits of social media and how it’s used by the her plan. […]
In recent months, bond yields have touched generational lows and yet interest in securities that provide a cash yield, continues unabated. This article aims to explain, from a demographic perspective, why this seemingly irrational pursuit for yield will continue for the next several years.
Harry Arthurs is the first to admit he didn’t have any academic or practical experience in the area of pension policy when he took on the role of chair with the Ontario Expert Commission on Pensions in 2006. But he thinks that’s precisely why he was the right man for the job.
Quebecor Inc., Quebecor Media Inc. and the Caisse de dépôt et placement du Québec have completed a $1.5 billion transaction, decreasing the Caisse’s interest in Quebecor Media from 45.3% to 24.6%.
This year began with such promise. It seemed like the world was righting itself and investors, particularly pension funds, might get some respite from the volatility that they had been facing over the past few years. Europe was on the mend, albeit slowly. T
A common concern among DB plan sponsors these days is the sustainability of their pension plan. This question typically translates into whether or not the markets will give us what we need to be able to pay for the pension promise.