The Government of Quebec says the province's municipal pensions are underfunded by $3.9 billion and has introduced a bill to try to fix the problem.
Ontario Premier Kathleen Wynne plans to re-introduce last month's budget within 20 days after voters gave her a majority mandate on Thursday night.
The Government of Nova Scotia and the Nova Scotia Teachers Union have agreed to changes to the Teachers' Pension Plan.
Jo-Ann Hannah is director, pensions and benefits, with Unifor, Canada’s largest private sector union. She provides an organized labour perspective on ensuring adequate retirement income for employees.
Last month, the Ontario government presented its budget that included the Ontario Retirement Pension Plan (ORPP). I don’t have all the details, not because I didn’t look, but because the leaders in our government don’t have all the details to offer at this stage. Apparently it is their strategy is to tell you they are doing something and then leave some room to figure out the details later.
All stakeholders—government, unions, business and citizens—need to focus on cooperating to achieve a sustainable system to fund pensions in the future.
A study finds that the Ontario government's proposed provincial pension plan could cost Ontarians thousands of dollars each year.
The introduction of the National Employment Savings Trust in the United Kingdom has helped reverse a decline in pension membership, but an article notes that challenges still remain.
Panellists at Benefits Canada’s Benefits & Pension Summit in Toronto agreed that Canadians need to save more for retirement, but they were unable to agree on a solution.
The Government of Alberta has put two pieces of pension reform legislation on hold for the time being.