The National Football League Referee Association (NFLRA) is at odds with the league over salary, retirement benefits and other logistical issues.
Are health-related reports typically available to plan sponsors too complicated or too simple? Do they serve the desired utility as a key decision tool? Given the rapid pace of change in the healthcare environment—and, in particular, with respect to regulatory, pharmaceutical, pharmacy and utilization trends—the need has never been greater for plan sponsors to access practical and user-friendly diagnostic reports that illustrate health-related opportunities and risks.
The Canadian Auto Workers union has offered Chrysler, Ford and General Motors concessions on wages and pensions for new hires in a move to sign a contract deal prior to next week’s strike deadline.
New data released today by Statistics Canada indicate that the market value of employer-sponsored pension funds totalled $1.1 trillion at the end of the first quarter of 2012. This is up 4.1% from the previous quarter and is the largest gain since the fourth quarter of 2010. In 2011, pension fund assets increased 4.6%, compared with 14.2% in 2010 and 10.5% in 2009. Asset allocation […]
In Benefits Canada’s 2011 Top 50 DC Plans Report, 46 plans had an increase in assets; this year was not as strong, with only 32 plans with an increase. But despite the drop, the DC space is preparing for an even bigger change as Canada’s retirement landscape moves through a period of reforms. As the population lives longer and the baby boomers begin to retire, Ottawa is reacting to these demographic realities with initiatives for Canadians to work longer and save more for retirement.
Most Canadian DB pension plans have significant solvency deficits. Unless we experience a turnaround in financial market conditions over the next few years (i.e., equities perform well and/or long-term interest rates rise significantly), many DB plan sponsors will need to make large contributions—and for several years—to fund these solvency deficits.
The Canadian Taxpayers Federation (CTF) released new data today showing the gap between the pension benefits of government employees and those in the private sector and is calling for nationwide changes to be made to public pension plans.
Probably the most significant change in the DC landscape over the past five years is the realization that, instead of solely focusing on educating DC plan members to become wise investors, plan sponsors need to consider how best to deal with the significant percentage of members who have at least one of the following traits:
Morneau Shepell's 30th annual Compensation - Trends and Projections survey results found that pension plan sponsors intend to get more serious about pension and benefits costs next year.
Members of the Prince Edward Island Legislature’s Public Accounts Committee were briefed yesterday on options for tackling the funding shortfall in the province’s public sector pension funds, which has hit $436 million.