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Keyword: retirement

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Variable payment life annuities and the impact of gender identity on actuarial standards are among the issues the Canadian Institute of Actuaries is monitoring in 2025, says Simon Nelson, a principal at Eckler Ltd. and chair of the CIA’s pension practice committee. A CIA task force on VPLAs will present its findings early this year, […]

An article on declining mental health among Canadian workers was the most-read story on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the last week: 1. Canadian workers’ mental health on the decline, driven by financial anxiety: survey 2. Why employers should have a policy addressing political discourse […]

  • By: Staff
  • January 3, 2025 January 2, 2025
  • 09:00

The Financial Services Regulatory Authority of Ontario is closely monitoring administrative risk and pension plan sponsors’ geopolitical concerns in 2025, says Andrew Fung, the organization’s executive vice-president of pensions. He cites increasing non-investment management risks like fraud, identity theft, data breach, cybersecurity and the use of artificial intelligence as emerging risks that plan sponsors will […]

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The mental health of Canadian workers has dropped below levels last seen at the start of the coronavirus pandemic, driven by a steep decline in financial wellness, according to Telus Health’s latest mental-health index. The survey, which polled more than 3,000 employees, found workers’ average mental-health score dropped from 64.4 in September to 61.3 in […]

  • By: Staff
  • December 23, 2024 December 19, 2024
  • 09:00
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An article on the federal government’s decision to transfer a $1.9 billion public pension surplus to general revenue was the most-read story on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the last week: 1. Feds’ decision to transfer $1.9BN public pension surplus to general revenue within its […]

  • By: Staff
  • December 20, 2024 December 19, 2024
  • 09:00

According to Statistics Canada, 80 per cent of Canadian public sector workers benefit from a respectable, life-long pension. However, for many private sector employees the quality of the pension plan available to them leaves much to be desired. The typical private sector pension is a defined contribution plan, which means employees bear the risk of […]

While a third (34 per cent) of Canadians aged 18 to 34 say an inheritance from their parents is crucial to meeting their retirement goals, 31 per cent of baby boomers say they don’t expect to leave their children any money, according to a new survey by Vanguard Group Inc. The survey, which polled more […]

  • By: Staff
  • December 16, 2024 December 13, 2024
  • 15:00
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The Healthcare of Ontario Pension Plan is welcoming eligible physicians in Ontario to join its defined benefit pension plan, effective January 2025. This new development will allow incorporated physicians who run their own practices, provide services from a medical clinic or provide services from a hospital to enrol in the HOOPP, according to a press […]

  • By: Staff
  • December 13, 2024 December 12, 2024
  • 09:00

The keynote session at Benefits Canada’s 2024 Defined Contribution Investment Forum warned that the failure to plan for the ‘boomer bulge’ is affecting private and public pension policy. The presentation from Paul Kershaw, a policy professor at the University of British Columbia and founder of not-for-profit organization Generation Squeeze, got me thinking: if the influx […]

When Hydro Ottawa was preparing for its first wave of retiring baby boomers in 2011, it began working on a strategy to mitigate the subsequent impact on the workforce and organizational memory. “Part of the strategy was to think about how we could manage both the number of retirements, but also the amount of knowledge […]

  • By: Blake Wolfe
  • December 13, 2024 December 12, 2024
  • 08:57