pooled pensions – Benefits Canada.com

What should employers know about Quebec’s pension legislation?

bwolfe — Fri, 02 Aug 2024 13:00:48 +0000

Businesses that are planning to establish themselves in Quebec by way of expansion or acquisition should be aware of some unique aspects of the province’s pension and benefits laws. Employers are required to make a voluntary retirement savings plan available to their employees. In addition, provincial legislation prohibits ‘orphan’ or ‘grandfathering’ clauses that distinguish pension […]

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PIAC asking B.C. to refrain from limiting entities that can offer variable life benefits

lbailey — Wed, 24 Jan 2024 14:00:03 +0000

The Pension Investments Association of Canada is calling on the British Columbia government to refrain from setting limits on the type of entities that can offer variable life benefits. In an open letter, the association said a competitive landscape that includes a broad scope of service providers, including registered pension plans, would be beneficial for retirees, noting […]

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Employers increasingly aware of lifetime pension pools, but more work to be done: report

bwolfe — Wed, 10 Jan 2024 14:00:40 +0000

While there’s more work to be done before lifetime pension pools are widely implemented in North America, employers are increasingly aware of concepts such as variable payment life annuities, says Barbara Sanders, an associate professor at Simon Fraser University. “It seems that it’s being discussed fairly often. When in industry meetings, it’s certainly a very […]

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Worker demand for DB pension plans could increase as financial concerns continue: CAAT

bmcgovern — Thu, 14 Dec 2023 16:00:50 +0000

A resurgence of defined benefit pension plans in Canada could be on the horizon, according to a report from the Colleges of Applied Arts and Technology pension plan. It found most Canadian workers are looking for retirement features that are most prominent in a DB plan, including monthly and predictable retirement income that’s guaranteed for […]

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Editorial: Weighing the benefits of participation in a multi-employer pension plan

Jennifer Paterson — Fri, 13 Oct 2023 12:59:45 +0000

Whether it’s in the magazine, on the website or at our various defined contribution pension plan events, Benefits Canada is regularly writing about how DC plans are evolving. The pension industry has come a very long way in the last few decades. When my parents began their working lives in the early 1970s, they both had defined […]

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2023 Top 50 DC Plans Report: Unleashing the power of multi-employer pension plans

Jennifer Paterson — Fri, 13 Oct 2023 12:56:31 +0000

Increased volatility, stubborn inflation and erratic interest rates are making for financially uncertain times, where it can be more reassuring to seek safety in shared risk, rather than shouldering financial ambiguity alone. Celebrated for their pooled assets and shared risk, multi-employer pension plans are gaining traction. Tami Dove, director of member experience at the Co-operative […]

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HOOPP, OPSEU and CAAT Freeze Rates

mschmit — Wed, 24 Oct 2012 09:41:22 +0000

Ontario also downsizes proposed super fund.

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