retirement savings – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Mon, 15 Jul 2024 20:34:28 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 70% of U.S. employers say benefits critical to attraction, retention efforts: report https://www.benefitscanada.com/benefits/health-benefits/70-of-u-s-employers-say-benefits-critical-to-attraction-retention-efforts-report/ Wed, 10 Jul 2024 13:00:49 +0000 https://www.benefitscanada.com/?p=157955 Nearly three-quarters (70 per cent) of U.S. employers say their company’s benefits package is critical to attracting and retaining the best workers, according to a new report by LIMRA. It found half (51 per cent) of employers believe their company will be offering more benefits in the future than it does today and another six […]

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]]> Feds should make capital gains tax exemption permanent for employee ownership trusts: report https://www.benefitscanada.com/news/bencan/feds-should-make-capital-gains-tax-exemption-permanent-for-employee-ownership-trusts-report/ Fri, 21 Jun 2024 13:00:41 +0000 https://www.benefitscanada.com/?p=157040 Academics from the Canadian Centre for Policy Alternatives and the University of Victoria have released a report calling on the federal government to make permanent its new partial capital gains tax exemption for sales of existing firms to employee ownership trusts and extend it to worker cooperatives. In its 2024 budget, the federal government released further […]

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]]> 2024 Top 100 Pension Funds report: Employees’ financial wellness moving up the agenda for pension plan sponsors https://www.benefitscanada.com/archives_/benefits-canada-archive/2024-top-100-pension-funds-report-employees-financial-wellness-moving-up-the-agenda-for-pension-plan-sponsors/ Fri, 21 Jun 2024 12:55:32 +0000 https://www.benefitscanada.com/?p=157051 When Phillip Kotanidis took over as chief human resources officer at Toronto’s Michael Garron Hospital in 2018, the financial well-being of staff wasn’t exactly high on his agenda. In such a fast-paced and potentially stressful workplace, money matters naturally took a backseat to the physical and mental health of the hospital’s staff, who are members […]

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]]> Medicus Pension Plan reports 158% funded status at start of 2024 https://www.benefitscanada.com/canadian-investment-review/db-investments/medicus-pension-plan-reports-158-funded-status-at-start-of-2024-report/ Tue, 11 Jun 2024 13:00:46 +0000 https://www.benefitscanada.com/?p=156720 The Medicus Pension Plan, a defined benefit multi-employer pension plan designed exclusively for incorporated physicians in Canada, reported a funded status of 158 per cent on a going-concern basis and a 115 per cent funded status on a solvency basis as of Jan. 1, 2024. The plan, which launched in May 2023, is designed to […]

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]]> Dollar cap matching could more equitably distribute 401(k) contributions, reduce plan sponsor costs: report https://www.benefitscanada.com/pensions/cap/dollar-cap-matching-could-more-equitably-distribute-401k-contributions-reduce-plan-sponsor-costs-report/ Tue, 11 Jun 2024 13:00:00 +0000 https://www.benefitscanada.com/?p=156675 Dollar cap match formulas could distribute employer contributions to 401(k)s more equitably than other common match formulas, according to a new report by Vanguard Inc. The report analyzed more than 1,300 large employer-sponsored plans that are record-kept by Vanguard between 2013 and 2022. It found among two-thirds of plans, employer contributions exacerbate pay inequity and […]

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]]> Taskrabbit providing U.S. gig workers with retirement benefits https://www.benefitscanada.com/pensions/retirement/taskrabbit-providing-gig-workers-with-retirement-benefits/ Fri, 31 May 2024 13:00:46 +0000 https://www.benefitscanada.com/?p=156260 Online gig economy platform Taskrabbit Inc. is providing U.S. gig workers with retirement benefits through a new initiative. The program, in partnership with financial services firm Robinhood Markets Inc., provides workers with access to a match program for individual retirement account contributions. During the first year of enrolment, workers receive a two per cent match on […]

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]]> 63% of Americans worry more about running out of money than death: survey https://www.benefitscanada.com/pensions/retirement/63-of-americans-worry-more-about-running-out-of-money-than-death-survey/ Thu, 30 May 2024 13:00:49 +0000 https://www.benefitscanada.com/?p=156236 Nearly two-thirds (63 per cent) of Americans say they worry more about running out of money than death, up from 57 per cent in 2022, according to a new survey by the Allianz Life Insurance Co. of North America. The survey, which polled more than 1,000 employees with $150,000 investable assets, found generation X was […]

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]]> CAP member outcomes increasing in Q1 2024: report https://www.benefitscanada.com/pensions/cap/cap-member-outcomes-increasing-in-q1-2024-report/ Thu, 16 May 2024 19:00:56 +0000 https://www.benefitscanada.com/?p=155663 Capital accumulation plan members saw a slight uptick in their plan outcome in the first quarter of 2024, as annuity rates rebounded to levels comparable to those from the third quarter of 2023 and gross income replacement ratios remained at multi-year highs, according to a new report by Eckler Ltd. The consultancy’s latest CAP income […]

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]]> Sounding Board: How DPSPs can support SMEs’ retirement, talent management goals https://www.benefitscanada.com/pensions/cap/sounding-board-how-dpsps-can-support-smes-retirement-talent-management-goals/ Mon, 13 May 2024 13:00:47 +0000 https://www.benefitscanada.com/?p=155517 Canadian companies, especially small- and medium-sized employers, are facing unprecedented challenges in attracting and retaining skilled and motivated talent. According to a recent survey by Robert Half Canada Inc., 42 per cent of Canadian employees have already started searching for a new job or are planning to do so in the first six months of […]

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]]> Top 5 HR, benefits, pension and investment stories of the week https://www.benefitscanada.com/news/bencan/top-5-hr-benefits-pension-and-investment-stories-of-the-week-82/ Fri, 10 May 2024 13:00:43 +0000 https://www.benefitscanada.com/?p=155524 An article on the federal government’s financial sanctions against the Canada Life Assurance Co. following delayed benefits access for public employees was the most-read article on BenefitsCanada.com. Here are the top five human resources, benefits, pension and investment stories of the past week: 1. Canada Life facing gov’t financial sanctions following delayed benefits access for public […]

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