private sector pension plans – Benefits Canada.com

Trusteed pension funds’ assets valued at $2.2TN in Q1 2023: StatsCan

lbailey — Tue, 10 Oct 2023 13:00:43 +0000

The value of Canadian trusteed pension funds’ assets rose by $40.9 billion — roughly two per cent — in the first quarter of 2023 to $2.2 trillion, according to a new report by Statistics Canada. Within trusteed plans, public sector assets grew five per cent to $1.7 trillion, while private sector assets increased to $451 billion. Total revenue decreased […]

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Expert panel: Does Canada need a pension champion?

bwolfe — Tue, 20 Dec 2022 14:00:42 +0000

In the Expert Commission on Pensions’ 2008 review of Ontario’s pension system, it recommended an agency or unit of the provincial government serve as a pension champion. According to the commission, the pension champion’s responsibilities would include working closely with stakeholders, promoting and facilitating innovation in the pension system and leading policy development efforts in […]

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Top 5 HR, benefits, pension and investment stories of the week

bwolfe — Fri, 18 Nov 2022 14:01:10 +0000

An article on the Canadian Federation of Pensioners’ response to proposed legislative and policy updates for Alberta’s private sector pension regulations was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. CFP urging Alberta government to reconsider transfer of pension risk to plan members 2. Walmart […]

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Alberta’s DB pension funding rules fail to balance sustainability, affordability: ACPM

Gideon Scanlon — Tue, 27 Sep 2022 16:30:24 +0000

The Association of Canadian Pension Management is taking aim at the Alberta government’s funding rules for private sector defined benefit pension plans. In its response to consultation draft of potential legislative and policy updates for private sector pension laws, the ACPM wrote that the province’s existing funding requirements fail to appropriately balance benefit security with […]

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Alberta seeking feedback on private sector pension legislation

bwolfe — Thu, 09 Jun 2022 13:00:08 +0000

The Alberta government is gathering feedback from stakeholders to help inform potential legislative and policy updates for private sector pension laws. The consultation will focus on the Employment Pension Plans Act and the Employment Pension Plans Regulation, according to a press release, which noted Alberta’s private sector pension legislation hasn’t been significantly updated since 2014. […]

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Pension membership on the rise in Canada: StatsCan

bwolfe — Wed, 07 Jul 2021 19:00:37 +0000

More than 125,000 Canadians became active members in a registered pension plan in 2019, according to a new report by Statistics Canada. It found the number of active members was up two per cent from 2018 to just over 6.5 million. Women accounted for more than three-quarters of the increase in new memberships — up 97,500 from 2018 to 3.3 million — while about 28,000 more men joined […]

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