Employees are staying into the workforce for much longer than their parents and grandparents did. There are both social and financial reasons driving this trend. Our top five pension-related stories from 2012 explore these trends, in addition to how plan sponsors are adjusting.
Why we will no longer retire early
By 2029, Old Age Security (OAS) will not become payable until age 67. After nearly half a century of improvements in government retirement programs, this is the first significant take-away. And it may not be the last…read more.
Top 100 Pension Funds Report: Risking it all
After the economic turmoil that defined 2008 and decimated assets in many pension plans, few expected the turnaround in markets that occurred in 2009. In last year’s Top 100 Pension Funds Report, 66 of the funds on the list posted double-digit increases in assets for 2009. Only eight ended the year with decreases…read more.
A new phase for retirement
The days of golf and gardening seem to be passé for the new age of retirees. Working in retirement, or “phased retirement,” as it’s been dubbed, is not a passing fad. But is this change one of choice or need? And, how is it impacting employers?…read more.
How to switch from DB to DC
Within Canada and around the world, the conversion of DB plans to DC plans has been accelerating as plan sponsors look to reduce their pension risk…read more.
Are target benefit plans a pension fix for Canada?
Canadian pension plan sponsors are increasingly focused on finding new ways to mitigate the employer risk inherent in DB plans, while also being mindful that many Canadians are not comfortable assuming the level of risk and responsibility that DC plans call for. Target benefit plans (TBPs) fix contributions and retirement benefits according to a predetermined formula but allow benefits to be adjusted up or down as future conditions affect plan funding. These plan types are emerging as a potential fix to this challenge…read more.