The Ontario government has released draft regulations concerning asset transfers between pension plans in the context of corporate reorganizations, including the sale of a business.
The employee and employee sponsors of the Regina Civic Pension and Superannuation Plan have finalized a letter of intent to address the pension deficit.
The president of the Canadian Labour Congress says that the federal government is deliberately trying to sabotage federal-provincial talks aimed at improving the Canada Pension Plan.
Federal public employees who retire early are eligible to collect a bridge benefit that can be as much as $105,000 per retiree, according to a study.
The results of 60 Second Survey conducted recently by Morneau Shepell showed that a significant majority of plan sponsors polled agreed that Canada is suffering a retirement crisis. More interesting, though, are the views of the same sponsors on the one action governments can take that would be most effective in addressing this crisis.
The increase in the number of cash balance plans in the United States has jumped nearly 500% over the last decade, according to a report.
Sustainability is a clichéd, overused word in the DB pension plan arena these days. Sustainability focuses on delivering an appropriate retirement benefit at an acceptable cost. In some ways, sustainability is a way to cloud the real issue: it always seems to come back to affordability.
Fitch has downgraded the state of Illinois’s credit rating one notch to A- after legislators were unable to pass public pension reforms last week.
The European Commission has ordered France to revamp its pension program and cut spending to address its budget deficit.
BlackRock CEO Larry Fink believes the United States government needs to do more to encourage Americans to save, including creating a mandatory savings program in addition to social security.