pension reform – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Mon, 15 Jul 2024 20:34:28 +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/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 […]

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]]> 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 expanding 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 benefits for […]

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]]> Public meeting in Edmonton attracts hundreds amid talk of province’s CPP withdrawal https://www.benefitscanada.com/pensions/governance-law/public-meeting-in-edmonton-attracts-hundreds-amid-talk-of-provinces-cpp-withdrawal/ Tue, 30 Apr 2024 13:00:51 +0000 https://www.benefitscanada.com/?p=154909 Hundreds of Albertans turned out for a meeting in Edmonton last week to hear officials from the Canada Pension Plan Investment Board discuss the state of the national retirement plan, while acknowledging Alberta’s ongoing discussion about leaving it, according to reporting by the Edmonton Journal. The meeting attracted a crowd of about 400 people, during […]

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]]> FSRA focusing on target-benefit framework for MEPPs, sustainability of PBGF in 2024-25 annual plan https://www.benefitscanada.com/pensions/governance-law/fsra-focusing-on-target-benefit-framework-for-mepps-sustainability-of-pbgf-in-2024-25-annual-plan/ Wed, 17 Apr 2024 13:00:25 +0000 https://www.benefitscanada.com/?p=154330 In its 2024-25 annual plan, the Financial Services Regulatory Authority of Ontario is focusing on assessing and mitigating systemic and high-priority risks in the province’s defined benefit pension plan sector. The regulatory body will review and enhance its supervisory framework to strengthen supervision of large public sector pension plans, ensuring its plan amendments and surplus […]

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]]> Just 22% of Albertans support CPP withdrawal, creation of provincial pension plan: survey https://www.benefitscanada.com/pensions/governance-law/just-22-of-albertans-support-cpp-withdrawal-creation-of-provincial-pension-plan-survey/ Tue, 30 Jan 2024 14:00:38 +0000 https://www.benefitscanada.com/?p=151281 Just a fifth (22 per cent) of Albertans say they support the province’s plan to leave the Canada Pension Plan in favour of a provincial plan, down from 27 per cent last October, according to a new survey by Leger Marketing Inc. The survey, which polled more than 1,000 Albertans, found while 40 per cent […]

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]]> Ontario civil servants noting flaws in Alberta’s CPP portion calculations: report https://www.benefitscanada.com/pensions/governance-law/ontario-civil-servants-noting-flaws-in-albertas-cpp-portion-calculations-report/ Thu, 25 Jan 2024 14:00:09 +0000 https://www.benefitscanada.com/?p=151094 Ontario civil servants are questioning the methodology used in a report that determined how much money Alberta could extract from the Canada Pension Plan if the province were to leave the CPP and launch its own plan, according to reporting by the Edmonton Journal. In a series of briefs, the Ontario Ministry of Finance outlined several inconsistencies […]

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]]> Top 10 investment stories of 2023 https://www.benefitscanada.com/news/bencan/top-10-investment-stories-of-2023/ Thu, 21 Dec 2023 14:00:52 +0000 https://www.benefitscanada.com/?p=149405 A story on how the federal government is considering ending Canada’s ’30 per cent rule’ was the most-read investment story on BenefitsCanada.com this year. Here are the 10 most popular investment news stories of 2023: 1. Feds consider end of ‘30% rule’ for pensions, propose EI adoption benefit: fall economic statement 2. Uptick in U.S. commercial office real estate […]

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]]> U.K. CAP reforms could reduce pension quality, create administrative challenges: expert https://www.benefitscanada.com/pensions/cap/u-k-cap-reforms-could-reduce-pension-quality-create-administrative-challenges-expert/ Wed, 20 Dec 2023 14:00:01 +0000 https://www.benefitscanada.com/?p=149257 A recent development in the U.K. pension market to give British workers a ‘pot for life’ could reduce the quality of retirement plans that are already in place and create administrative challenges, says Adam Bexson, senior corporate pension consultant at Verlingue Ltd. Currently, plan members are automatically enrolled into a retirement plan chosen by their employer, […]

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]]> Top 10 pension stories of 2023 https://www.benefitscanada.com/news/bencan/top-10-pension-stories-of-2023/ Mon, 18 Dec 2023 14:00:58 +0000 https://www.benefitscanada.com/?p=148984 A survey on the retirement readiness of Canadian workers and a looming retirement crisis was the most-read pension story on BenefitsCanada.com this year. Here are the 10 most popular pension news stories of 2023: 1. Survey finds 44% of Canadian pre-retirees have less than $5,000 in savings 2. Ford, Unifor agreement includes significant DC pension improvements, transition to […]

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]]> Alberta government rejects amendments to CPP exit legislation https://www.benefitscanada.com/pensions/governance-law/alberta-government-rejects-amendments-to-cpp-exit-legislation/ Mon, 11 Dec 2023 14:00:14 +0000 https://www.benefitscanada.com/?p=148595 Premier Danielle Smith’s government has rejected a proposal that would have compelled it to respect the results of a referendum on whether Alberta should quit the Canada Pension Plan. On Dec. 6, the United Conservative Party’s majority government voted down an opposition amendment to Bill 2 — the Alberta Pension Protection Act — by the […]

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