Federal public sector pension indexation rate set at 4.8% for 2024
The pension indexation rate for federal public sector pensions will be 4.8 per cent in 2024, according to the National Association of Federal Retirees. The…
Top Stories in Pensions
Survey finds just 14% of near-retirees say they can retire with confidence
Just 14 per cent of near-retirees say they can retire with confidence and only five per cent say they’ve sought financial advice from their employer, according…
- By: Staff
- November 29, 2023 November 28, 2023
- 09:00
OPB appointing Darwin Bozek as president, chief pension officer
The Ontario Pension Board is appointing Darwin Bozek as president and chief pension officer, effective Feb. 1, 2024. He joins the OPB from the Alberta…
- By: Staff
- November 28, 2023 November 28, 2023
- 09:00
Alberta premier quiet on reason for abandoning promised in-person CPP exit consults
Alberta Premier Danielle Smith won’t say what happened to her government’s promise to hold face-to-face meetings with citizens in December on quitting the Canada Pension…
- By: Dean Bennett, the Canadian Press
- November 27, 2023 November 27, 2023
- 09:00
CPPLC appointing Karen McKeown as co-chair
The Canadian Public Pension Leadership Council is appointing Karen McKeown, director of board operations at the B.C. Pension Corp., as co-chair. McKeown will share responsibilities…
- By: Staff
- November 24, 2023 November 24, 2023
- 15:00
Desjardins using budget workshops, interactive game to support employee financial wellness
Desjardins Insurance is marking Financial Literacy Month with a series of budgeting workshops for employees and an interactive game to help improve financial literacy. The…
- By: Sadie Janes
- November 24, 2023 November 23, 2023
- 09:00
Ontario DB pension plans’ average solvency ratio increased to 117% in Q3 2023: FSRA
The average projected solvency ratio for Ontario defined benefit pension plans increased slightly to 117 per cent in the third quarter of 2023, with more than…
- By: Staff
- November 24, 2023 November 23, 2023
- 09:00
Top 5 HR, benefits, pension and investment stories of the week
An article on the federal government’s 2023 fall economic statement was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news…
- By: Staff
- November 24, 2023 November 23, 2023
- 09:00
Removal of ‘30% rule’ could boost investment, reduce private equity fees for Canadian pension funds
If the federal government scraps its rule restricting Canadian pension funds from holding more than 30 per cent of the voting shares of investee corporations, pension…
- By: Bryan McGovern
- November 23, 2023 November 23, 2023
- 11:00
Real return bonds support pension risk management, provide liability data: ACPM
The Association of Canadian Pension Management is urging the federal government to reverse its position on the cessation of real return bonds and open a…
- By: Staff
- November 23, 2023 November 22, 2023
- 09:00
N.S. legislation allowing private employers to transfer pensions into PSSP
Nova Scotia-based private employers can now transfer their pension plans into the Public Service Superannuation Plan. The Private Sector Pension Plan Transfer Act, which received…
- By: Sadie Janes
- November 23, 2023 November 23, 2023
- 09:00
2023 Future of Work Summit: What do millennial plan members want from their employers?
When Desjardins Insurance launched a study to redefine employee health and well-being, an unexpected finding came through loud and clear: Canadian employers and insurers should…
- By: Kelsey Rolfe
- November 23, 2023 November 22, 2023
- 07:58
Competitive pension risk transfer costs increase from 101.1% to 101.9% in October: report
The estimated cost to transfer retiree pension risk to an insurer in a competitive bidding process increased from 101.1 per cent of a plan’s accounting…
- By: Staff
- November 22, 2023 November 22, 2023
- 15:00
Average U.S. 401(k) balance down slightly in Q3 2023, up over long term: report
The average U.S. 401(k) balance decreased to $107,700 in the third quarter of 2023, down four per cent from Q2, but up by 11 per…
- By: Staff
- November 21, 2023 November 20, 2023
- 09:00
65% of U.S. employees cite flexible work as top compensation component: survey
Two-thirds (65 per cent) of U.S. employees rank flexible work options as the No. 1 component of compensation beyond salary, down from 71 per cent…
- By: Staff
- November 20, 2023 November 20, 2023
- 15:00
ACPM reiterating support for automatic features in Ontario retirement savings plans
The Association of Canadian Pension Management is reiterating its support for fully enabling automatic features in retirement savings plans, including defined contribution pensions, group registered…
- By: Staff
- November 17, 2023 November 16, 2023
- 09:00
Feds consider end of ‘30% rule’ for pensions, propose EI adoption benefit: fall economic statement
In its 2023 fall economic statement, the federal government said it will consider removing the rule that restricts Canadian pension funds from holding more than…
- By: Staff
- November 22, 2023 November 22, 2023
- 09:00
Former federal finance minister defends ‘sustainably successful’ CPP amid Alberta pension exit plan
Former federal finance minister Bill Morneau is standing up for the Canadian Pension Plan, calling it a uniquely successful investment organization that won’t be easily…
- By: Bryan McGovern
- November 21, 2023 November 21, 2023
- 11:00
Head to head: Is there an ideal income replacement ratio at retirement?
While one expert says replacement rates vary with income and age, another argues the longstanding 70 per cent benchmark doesn’t actually work. Bonnie-Jeanne MacDonald, director…
- By: Benefits Canada
- November 17, 2023 November 16, 2023
- 08:59
Third of DC plan sponsors don’t expect employees to use financial wellness programs: survey
About a third (32 per cent) of defined contribution pension plan sponsors that currently don’t use a financial wellness program say it’s because they don’t expect…
- By: Staff
- November 16, 2023 November 15, 2023
- 09:00
RBC educating employees, reducing stigma around money matters through financial wellness hub
During Financial Literacy Month, the Royal Bank of Canada is supporting employees’ financial wellness through a new website that provides financial education and support. The…
- By: Lauren Bailey
- November 10, 2023 November 9, 2023
- 09:00
2023 DC Investment Forum: Silver linings for retirement savings, investment trends and younger generations
Defined contribution pension plan members are currently in a different place, especially the younger generations, who are likely feeling as though their financial priorities don’t…
- By: Jennifer Paterson
- November 6, 2023 November 2, 2023
- 07:59
2023 Healthy Outcomes Conference: A closer look at the mental, physical, financial risk factors facing plan members
Many plan members are experiencing risk factors related to poor mental, physical and financial well-being, but often don’t know they can turn to their benefits…
- By: Kelsey Rolfe
- November 20, 2023 November 15, 2023
- 07:58
IMCO joining network of employee ownership coalition
The Investment Management Corp. of Ontario is joining Ownership Works, a non-profit organization dedicated to implementing broad-based employee ownership programs, as a founding investor partner.…
- By: Staff
- October 24, 2023 October 24, 2023
- 11:00
27% of U.S. workers reporting high levels of financial stress: report
More than a quarter (27 per cent) of U.S. workers say they have high or overwhelming levels of financial stress, up from 20 per cent…
- By: Staff
- May 24, 2023 May 24, 2023
- 15:00