pension reform – 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 Top 5 HR, benefits, pension and investment stories of the week https://www.benefitscanada.com/news/bencan/top-5-hr-benefits-pension-and-investment-stories-of-the-week-109/ Fri, 22 Nov 2024 14:00:05 +0000 https://www.benefitscanada.com/?p=163121 An article on how a national drug pooling program would impact employer-sponsored benefits plans was the most-read story on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the last week: 1. How would a national drug pooling program impact employer-sponsored benefits plans? 2. Leadership changes at the AIMCo […]

The post Top 5 HR, benefits, pension and investment stories of the week appeared first on Benefits Canada.com.

]]> Former PM Stephen Harper appointed as AIMCo chair https://www.benefitscanada.com/news/cir-news-news/former-pm-stephen-harper-appointed-to-oversee-aimco/ Wed, 20 Nov 2024 20:00:48 +0000 https://www.benefitscanada.com/?p=163093 Former prime minister Stephen Harper is the new chairman of the Alberta Investment Management Corp. The move comes almost two weeks after the province’s finance minister fired the Crown agency’s entire board, along with a number of executives, citing ballooning costs and substandard returns. Read: Leadership changes at the AIMCo could impact credibility, independence: expert Premier […]

The post Former PM Stephen Harper appointed as AIMCo chair appeared first on Benefits Canada.com.

]]> U.K. plans to create pension ‘megafunds’ with aim of unlocking US$100 billion for investment https://www.benefitscanada.com/pensions/governance-law/u-k-plans-to-create-pension-megafunds-with-aim-of-unlocking-us100-billion-for-investment/ Fri, 15 Nov 2024 20:00:09 +0000 https://www.benefitscanada.com/?p=162880 British Treasury chief Rachel Reeves said Thursday the government planned to merge dozens of pension funds with the aim of unlocking tens of billions of pounds for investment and boosting the U.K.’s subpar economic growth. Reeves said in her speech to finance leaders in central London that the creation of so-called “megafunds” will represent the […]

The post U.K. plans to create pension ‘megafunds’ with aim of unlocking US$100 billion for investment appeared first on Benefits Canada.com.

]]> How Mexico’s reformed pension system is improving workers’ retirement security https://www.benefitscanada.com/archives_/benefits-canada-archive/how-mexicos-reformed-pension-system-is-improving-workers-retirement-security/ Fri, 15 Nov 2024 13:54:28 +0000 https://www.benefitscanada.com/?p=162686 Earlier this year, Mexico’s senate approved the creation of a new pension fund to help provide more retirement security for low-income citizens. The reform aims to ensure pensioners receive 100 per cent of their last monthly salary up to roughly 16,777 Mexican pesos (US$975), which is the average monthly wage for workers affiliated with the […]

The post How Mexico’s reformed pension system is improving workers’ retirement security appeared first on Benefits Canada.com.

]]> Canada’s retirement system ranks No. 17 out of 48 countries, has room for improvement: report https://www.benefitscanada.com/pensions/retirement/canadas-retirement-system-ranks-no-17-out-of-48-countries-has-room-for-improvement-report/ Tue, 22 Oct 2024 15:00:46 +0000 https://www.benefitscanada.com/?p=161588 Canada’s retirement system ranks No. 17 out of 48 countries, down from No. 12 in 2023, according to a new report by Mercer and the CFA Institute. The report analyzed retirement systems based on adequacy, sustainability and integrity. The top three systems remain unchanged from last year, with the Netherlands receiving the highest overall score (84.8 […]

The post Canada’s retirement system ranks No. 17 out of 48 countries, has room for improvement: report appeared first on Benefits Canada.com.

]]> Top 5 HR, benefits, pension and investment stories of the week https://www.benefitscanada.com/news/bencan/top-5-hr-benefits-pension-and-investment-stories-of-the-week-97/ Fri, 30 Aug 2024 13:00:50 +0000 https://www.benefitscanada.com/?p=159653 An article on Citigroup Inc.’s new parental and caregiver leave programs for U.S. employees was the most-read story on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the last week: 1. Citigroup enhancing parental leave, introducing caregiver leave for U.S., Puerto Rico employees 2. Caisse invests $35M in energy […]

The post Top 5 HR, benefits, pension and investment stories of the week appeared first on Benefits Canada.com.

]]> Alberta officials advised against releasing CPP exit survey results: report https://www.benefitscanada.com/news/cir-news-news/alberta-officials-advised-against-releasing-cpp-exit-survey-results-report/ Wed, 14 Aug 2024 19:00:22 +0000 https://www.benefitscanada.com/?p=159040 Alberta’s finance and treasury board warned against releasing the official results from a government survey evaluating the interest in a new potential pension plan, according to a report by the Edmonton Journal. The survey, launched on Sept. 21, 2023, coincided with the release of a report by LifeWorks Inc. (now part of Telus Health) that argued […]

The post Alberta officials advised against releasing CPP exit survey results: report appeared first on Benefits Canada.com.

]]> Extending ‘25-and-out’ legislation could stabilize public sector pension plans’ maturity issues: expert https://www.benefitscanada.com/pensions/retirement/extending-25-and-out-legislation-could-stabilize-public-sector-pension-plans-maturity-issues-expert/ Thu, 01 Aug 2024 13:00:14 +0000 https://www.benefitscanada.com/?p=158594 The federal government’s move to introduce legislation extending pension eligibility to frontline public safety and law enforcement workers after 25 years of service could help manage room for new hires and ensure stable plan maturity, says James Fu, partner and national leader of pensions and benefits law at Borden Ladner Gervais LLP. Hundreds of frontline workers […]

The post Extending ‘25-and-out’ legislation could stabilize public sector pension plans’ maturity issues: expert appeared first on Benefits Canada.com.

]]> Top 5 HR, benefits, pension and investment stories of the week https://www.benefitscanada.com/benefits/health-benefits/top-5-hr-benefits-pension-and-investment-stories-of-the-week-90/ Fri, 12 Jul 2024 13:00:18 +0000 https://www.benefitscanada.com/?p=158072 A story on how group insurers can help plan sponsors provide adequate coverage and ensure appropriate use of treatments for rare diseases was the most-read article on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the last week: 1. Sounding Board: How employers can mitigate cost of […]

The post Top 5 HR, benefits, pension and investment stories of the week appeared first on Benefits Canada.com.

]]> Unions welcoming equitable pension reform for frontline public safety, law enforcement workers https://www.benefitscanada.com/pensions/retirement/unions-welcoming-equitable-pension-reform-for-frontline-workers/ Fri, 05 Jul 2024 13:00:41 +0000 https://www.benefitscanada.com/?p=157816 The federal government recently announced plans to introduce legislation in the fall that will expand pension eligibility to frontline public safety and law enforcement workers in Canada. The legislation is welcomed by the Public Service Alliance of Canada and the Customs and Immigration Union after they’ve advocated for more than a decade for equitable retirement […]

The post Unions welcoming equitable pension reform for frontline public safety, law enforcement workers appeared first on Benefits Canada.com.

]]>