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CAPSA seeking feedback on revised CAP guidelines

The Canadian Association of Pension Supervisory Authorities is releasing a consultation draft of revisions to its guidelines for capital accumulation plans. The updated guidelines replace…

Dillon Consulting helping employees pay down student debt

Dillon Consulting Ltd. is supporting employees’ financial well-being through a student debt repayment program. The program allows employees to repay student debt by using employer…

Contract workers at post-secondary institutions missing out on pensions, paid leave: report

Contract food services and custodial workers at Canada’s colleges and universities have less access to pensions and paid leave than their in-house colleagues, according to…

  • By: Staff
  • May 13, 2022 May 13, 2022
  • 09:00

Top 5 HR, benefits and pension stories of the week

An article on the potential future of pension plans in the private sector was the most-read story on BenefitsCanada.com over the last week. Here are…

  • By: Staff
  • May 13, 2022 May 13, 2022
  • 09:00

How are personalized communications connecting with employees?

As employers increasingly customize their human resources, benefits and pension communications campaigns, how are these methods connecting with employees? Long gone are the days of…

A look at MEPPs in a shifting pension landscape

As the move away from traditional defined benefit plans continues and intensifies, Canada’s multi-employer pension plans are providing employers with another retirement savings option for…

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Comfortable retirement out of reach for many employees: report

While Canadians nearing retirement age have seen a doubling in the median value of both their assets and net worth since 1999, the prospect of…

  • By: Staff
  • May 11, 2022 May 11, 2022
  • 15:00

A third of Canadian employees retiring sooner than planned: survey

A third (33 per cent) of recently retired Canadians said they retired sooner than they planned and 30 per cent of pre-retirees intend to change…

  • By: Staff
  • May 11, 2022 May 10, 2022
  • 09:00

Expert panel: Are private sector employers heading toward a pension renaissance?

Pension coverage in the public sector is high, with the vast majority of public sector employees covered by a defined benefit pension plan. However, the…

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PIAC urging feds to allow tax-free mergers of target-date funds

The Pension Investment Association of Canada is urging the federal government to allow for tax-free mergers of maturing target-date funds. In a letter to the…

  • By: Staff
  • May 4, 2022 May 4, 2022
  • 09:00
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401(k) providers offering cryptocurrency investment options to U.S. workers

More workers may soon be able to stake some of their 401(k) retirement savings to Bitcoin, as cryptocurrencies crack even deeper into the mainstream. Retirement…

30% of Canadians relying on workplace pension as primary source of retirement income: survey

Almost a third (29 per cent) of Canadians believe their employer-sponsored pension plan will be their primary source of retirement income, while 15 per cent…

  • By: Staff
  • April 29, 2022 April 28, 2022
  • 09:00

Retirement-age employees fear low interest rates, rising inflation will impact retirement income: survey

More than half (61 per cent) of U.S. employees nearing retirement age believe low interest rates combined with rising inflation will make it difficult to…

  • By: Staff
  • April 19, 2022 April 18, 2022
  • 09:00
Editorial: Looking back — and ahead — in an unprecedented year

Editorial: Modern pension plan design isn’t black and white

Earlier this year, I received an email from a Canadian National Railway Co. employee who had recently learned their defined benefit pension plan was winding…

Head to head: What’s the best type of default fund for a DC plan?

As the default funds in defined contribution plans evolve, two experts weigh in on the merits of more customized options. Olivia S. Mitchell, professor and…

How Foresters Financial redesigned its pension, benefits plans to provide employees with more flexibility

In 2021, Foresters Financial redesigned its retirement and benefits plans to be more flexible, relevant and competitive, modernizing the plans with the recognition that employees…

A look at the pandemic’s impact on pension plans in Canada’s travel, transportation sectors

The economic impact of the pandemic has been unevenly distributed across various industries, with travel and transportation among the hardest-hit sectors. However, while travel restrictions…

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U.S. employers enhancing or looking to enhance DC pension plans: survey

The vast majority of U.S. employers are eyeing enhancements to their defined contribution pension plans in an effort to boost their employees’ retirement security and…

  • By: Staff
  • April 12, 2022 April 11, 2022
  • 09:00

RRSP contributions up 13% between 2019 and 2020, finds Stats Can

In 2020, more than 6.2 million Canadians put aside a total of $50.1 billion for their retirement by making contributions to their registered retirement savings…

  • By: Staff
  • April 4, 2022 April 4, 2022
  • 09:00
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Rio Tinto providing all employees with 18 weeks of paid parental leave

Rio Tinto Group is making parental leave more accessible for employees by removing the distinction between primary and secondary caregivers. The policy change — which…

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Dealing with a workplace pension can be first big investing decision for young people

In the fall of 2021, 39-year-old Krista Lehman quit her job as a program assistant at a Vancouver post-secondary institution to take a mental-health break…

Survey finds U.S. employees confident about retirement, but inflation, pandemic concerns linger

While the majority (79 per cent) of U.S. employees remain confident they’ll be able to retire when and how they want, a quarter are less…

  • By: Staff
  • March 23, 2022 March 22, 2022
  • 09:00

ACPM calling on PEI to allow automatic features in workplace pension plans

The Association of Canadian Pension Management is calling on Prince Edward Island’s pension regulator to amend the Employment Standards Act to facilitate auto-enrolment and auto-escalation…

  • By: Staff
  • March 22, 2022 March 21, 2022
  • 09:00
Editorial: Looking back — and ahead — in an unprecedented year

Editorial: Benefits, pension plans continue to feel the impact of the pandemic

This month marks the two-year anniversary of the World Health Organization declaring the coronavirus a global pandemic. In some ways, we’ve come a long way…

How LifeLabs redesigned its RRSP-DPSP to maximize employee engagement

In 2020, LifeLabs Inc. embarked on a year-long journey to redesign its group registered retirement savings plan and deferred profit-sharing plan to make them less…