Nearly two-thirds (62 per cent) of Canadian employers say they aren’t making changes to their benefits plans in 2023, according to a new survey by the Harris Poll on behalf of Express Services Inc. The survey, which polled more than 500 employers and more than 1,000 employees, found while more than a quarter (28 per […]
The funded position of a typical Canadian defined benefit pension plan fell slightly on a solvency basis and rose on an accounting basis in February, according to a new report by Telus Health. During the month, the solvency of the average DB pension plan dipped by 0.7 per cent, falling to 101.3 per cent. The […]
The Canada Pension Plan Investment Board is selling its stake in a scandal-ridden French home care company for €26.1 million — 6.18 per cent of the value of the initial investment. The move follows a restructuring agreement that provides Orpea Groupe’s bondholders with control of the majority of its equity. As part of the terms, other […]
A British Columbia court has dismissed an appeal of a Supreme Court of B.C. decision that upheld the B.C. Credit Union Employers’ Pension Plan’s choice to increase its normal retirement date to age 65 from age 62. In its decision, the court found the appeal — brought by a group of plan members — alleged […]
The majority of U.S. employers say recruiting talent (67 per cent) and retaining talent (64 per cent) are their top priorities, according to a new survey by CBIZ Inc. The survey, which polled more than 850 U.S. employers, found the next most important priority was controlling employee medical costs (49 per cent), with these cost-containment […]
The Healthcare of Ontario Pension Plan is reporting an annual return of negative 8.6 per cent for 2022, citing declines in equities and fixed income markets. The HOOPP finished the year with net assets of $103.7 billion and, despite the economic challenges, maintained a funded status of 117 per cent. Its fixed income portfolio generated […]
Roughly a fifth (19 per cent) of employees aged 55 and older say they’ve experienced deliberate exclusion in the workplace, according to a new survey by CareerWallet. By comparison, it found just 10 per cent of employees aged 25 and younger said they’ve experienced exclusionary behaviour at work. In addition, nearly a third (32 per […]
The Ontario Municipal Employees’ Retirement System is reinvesting in a U.K.-based online mental health-care company. The OMERS participated in a funding round that raised £20 million (about $33 million) for HelloSelf, which connects patients with psychologists and therapists through an online platform. In 2021, the OMERS invested £5.5 million (about $9.1 million) and served as […]
To bolster Alaska’s public sector, a bipartisan effort is underway to relaunch the state’s pensions as defined benefit plans. “I’m carrying this bill on behalf of thousands of state employees who have worked for more than a decade to refine it,” said Cathy Giessel, leader of the state senate’s Republican majority during her introduction of […]
The Association of Canadian Pension Management is encouraging the Canadian Association of Pension Supervisory Authorities to prioritize decumulation in its draft 2023-2026 strategic plan. In an open letter to the CAPSA, the ACPM recommended the strategic plan address all potential decumulation income sources beyond defined contribution pension assets, noting that, while a focus on these […]
aHR0cHM6Ly93d3cuYmVuZWZpdHNjYW5hZGEuY29tL3dyaXRlci9zdGFmZi04Mi9wYWdlLzg5(U2NyZWVuSGVpZ2h0)NzIw(U2NyZWVuV2lkdGg)MTI4MA(T0ZTWVNfUmVmZXJyZXI)(dmlzaXRvcktleQ)cVVMczR0dXI(dmlzaXRLZXk)RTJMSVRqNTI){kind=small}