The members of legislative assembly in Prince Edward Island will have their pensions overhauled.
Prince Edward Island and Manitoba have joined Ontario’s Technical Advisory Group on Retirement Security.
The Government of Alberta will scale back some of its proposed changes to public sector pension plans announced in September.
Morneau Shepell suggests a new government-sponsored pension program at the provincial level as a way to improve the retirement system.
Detroit's bankruptcy plan has proposed slashing retirees' pensions by as much as 34%.
Canada’s top pension guru said his idea for a supplementary pension plan has risen again.
When faced with issues regarding the sustainability of its DB pension plan, Saint John Energy, an electrical distribution utility servicing the City of Saint John, N.B., took an innovative approach to implement a leading-edge solution. As a result, Saint John Energy has been able to make changes to its plan design with member approval.
The California Public Employees’ Retirement System board of administration has approved new demographic assumptions, which it says are designed to ensure greater sustainability and soundness of the pension fund.
The difference between public and private sector wages for equivalent jobs in Ontario—after a decade of steady increase—currently costs more than $1 billion a year for the government, and this needs to be addressed, according to a study.
The province of Ontario expects to announce details of its provincial pension plan in a few months, according to the premier.